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A Preposterous Pre-Digital Primer

Dave Astor | Posted 05.25.2011 | Comedy
Dave Astor

In the days before the internet, how did out-of-town journalists transmit typewritten stories to their editors? They folded the stories into paper airplanes and hurled them out of hotel windows.

Banks, the Oil Market, and the Next Financial Meltdown

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Leaving oil trading to the banks portends another financial disaster by tying their viability to the highly volatile world of commodity trading. It's time that the bankers got back to banking the old fashioned way.

Where to Find Dandy Dividends

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Call it the case of the disappearing dividends, a $42 billion caper that's robbing many Americans of a fair chunk of their future wealth.

Credit Default Swaps To Get Rules

bloomberg.com | Posted 05.25.2011 | Business

April 8 (Bloomberg) -- JPMorgan Chase & Co., Goldman Sachs Group Inc. and the eight other banks that have dominated the credit-default swaps market fo...

How To Reform Credit Default Swaps

Ian Welsh | Posted 05.25.2011 | Business
Ian Welsh

The first step is a name change. Call them insurance, because that's what they are. The insure against the possibility that you won't get paid money someone owes you. Once they're called insurance, regulate them like insurance.

The Real Crime in the Bailout -- Naked CDS Deals

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

I would love for Tim Geithner or anyone else in the administration or Congress to explain why they think these naked Credit Default Swaps must be paid off.

Billions for AIG to Protect the Speculative Profits of Goldman Sachs/Morgan Stanley

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

It is past time that a distinction be made between that part of AIG's business that was a "large and stable insurance company," and that part that was a "hedge fund," or better put, a casino.

Defending and Fixing Wall Street, Part II Credit Default Swaps

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

In the first article of this series I discussed how to reform the mortgage underwriting market. This article will focus on credit default swaps, or CDS'.

Making Music Green

Cliff Hunt | Posted 05.25.2011 | Green
Cliff Hunt

In Canada all four major labels have exclusively switched to digital distribution for promotional releases, preventing the manufacture and shipping of millions of ecologically harmful CDs.

Paul Simon's Lyrics & The Case Of The Vanishing Compact Disc

Mike Ragogna | Posted 05.25.2011 | Entertainment
Mike Ragogna

The problem of compact discs disappearing from the marketplace is worse than it was only a year ago. Store buyers just ain't a-buyin' from the labels, and it's looking grim all over.

Lehman Assets Nearly Worthless, Dangerous Implications For Economy

Clusterstock | John Carney | Posted 05.25.2011 | Business

So the final results from the Lehman Brothers CDS auction are in, and they're even uglier than expected. Finally price is 8.625 cents on the dollar. ...

Fifty Chimpanzees or One Toothless Gorilla

Deborah Senn | Posted 05.25.2011 | Business
Deborah Senn

AIG's financial meltdown this past week was not the result of failed insurance regulation. (Go ahead. Read that one more time, real slow.)

Is Your Fund At Risk?

Business Week | Lewis Braham | Posted 05.25.2011 | Business

Complex financial instruments called credit default swaps have roiled the financial markets for months. They're at the heart of the bond insurers' woe...

Half Of All Teens Refuse To Buy CDs

Los Angeles Times | Michelle Quinn | Posted 05.25.2011 | Business

Nearly half of all teenagers bought no compact discs in 2007, accelerating the music industry's painful transition from CDs to digital downloads, acco...