NEW YORK ( TheStreet) -- Given the free money available from the Federal Reserve it is not surprising that only two of the 24 banks in the PHLX KBW Banking Index
Who needs the Fed? Interest rates are already rising, and Bank of America is reaping a windfall.
The credit derivatives market is worth trillions, but are they really a time bomb waiting to decimate the financial markets? Warren Buffett's warnings haven't scared Citigroup.