"Another nutty professor mixing untested cocktails in the Eccles building," says Jefferies'...

|By:, SA News Editor

"Another nutty professor mixing untested cocktails in the Eccles building," says Jefferies' David Zevros, believing the Senate may have good cause to reject the President's nominee to the Fed, Jeremy Stein. Zevros says Stein's idea of curtailing leverage by having the Fed set repo haircuts for ALL asset classes would do nothing to cull leverage, but would send the financial services industry overseas.