Word: clearinghouseã
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...succession of bank failures and, thus, failed to inspire confidence in the market in 1932 and 1933 because it lacked the “vigorous intellectual leadership” necessary to do so. Weak leadership did not overcome antagonism between the 10-year-old Fed and the New York Clearinghouse??a fate that could befall Geithner’s public-private fund today...
Boyle also hopes to bring international support to the divestment movement. Along with others, he is working on creating an “international clearinghouse?? that would serve as an information base for groups to consult...
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