In the FICC of it

In this week’s podcast Colin Lambert, managing editor of Profit & Loss, quizzes Galen stops, editor, regarding the political viability of  Facebook’s proposed cryptocurrency, libra, after the latter sat through hours and hours of testimony on the subject in the US Senate and House.

The two then discuss the potential impact of having a new chairman at the helm of the CFTC in the form of Heath Tarbert.

Stops then remembers that he forgot to gloat about the accuracy of his FXPB prediction at the beginning of the year, although Lambert has some bad news regarding another of his predictions.

And finally, Lambert concludes by addressing some issues relating to the latest development in the Wells Fargo debacle, making it clear where his sympathies – as an ex-trader – lie.

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Galen Stops

Galen Stops