Why is it that many pensions pay substantially higher fees for their money market cash sweep than they pay their best performing bond and equity managers?
The 1990 World Series, for example, a four game sweep by the small-market Cincinnati Reds over the Oakland Athletics, had the two highest-rated programs of the week.
Still, unless the central bank is prepared to stand behind the banks for ever, some will have to fall by the wayside as both foreign and bigger Nigerian banks sweep up the vast potential market for deposits and mortgages.