Wall Street Is Jumping Back In To The Market That Killed Lehman Brothers

Wall Street is jumping back into the risky $1.6 trillion "repo" market with some of the biggest U.S. banks -- including Bank of America (BAC), JPMorgan Chase (JPM) and Wells Fargo (WFC) -- leading the charge.Shunned after the 2008 financial crisis after killing Lehman Brothers -- and nearly cutting General Electric's (GE) financial throat -- repos, or repurchase agreements, are enjoying a Wall Street renaissance, according to a report released Friday by Fitch Ratings."Since the peak of the U.S. financial crisis, risk appetite in the [repo] market is gradually recovering," Fitch said in its report. "Repo markets, once viewed as a relatively mundane utility within the financial system architecture, are the subject of growing public interest in "shadow" banking."Read the rest of the story at The Street.Please follow Clusterstock on Twitter and Facebook.Join the conversation about this story »See Also:Throwing Down For Wall Street's Top Spot: Goldman Sachs Vs. J.P. MorganThe Proposed Robo-Mortgage Settlement Might Give Banks A Free PassEconomics Students Today Have Their Priorities Entirely Backward

Weiter zum vollständigen Artikel bei "Business Insider"