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Credit Derivatives

We Don't Need a New Version of the Glass-Steagall Act

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

I tend to believe that the Glass-Steagall approach, an institutional way to address the question, overlooks the importance of a market response.

Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?

DOJ Investigates Derivatives | ERIC DASH | Posted 05.25.2011 | Business

The Justice Department is investigating the role of several major companies in the credit markets, in another indication that the government is intens...

Is Goldman Sachs One Big Credit Porfilio?

The Big Picture | Posted 05.25.2011 | Business

Now that Goldman Sachs is a commercial bank comes a new set of public reporting requirements. One of these public reports is linked above, and below i...

Geithner: Stimulus Working, Derivatives Blindsided Government

AP | ANNE FLAHERTY and JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration's economic stimulu...

Jason Linkins

Morgan Stanley, Goldman Sachs Plan To Rebrand Failure As Success | Jason Linkins | Posted 05.25.2011 | Business

I have wonderful news to report to everyone! Apparently I have woken up today in a parallel universe, where the sun is shining and the birds are sing...

Financial Crisis: Clinton's Role

Washington Post | Ezra Klein | Posted 05.25.2011 | Business

I think Bill Clinton makes a persuasive case that it was what he didn't do, rather than what did do, that contributed to the financial crisis. There a...

Jason Linkins

Scritti Politti: March 16, 2009 | Jason Linkins | Posted 05.25.2011 | Politics

After the 2008 Election, it was generally decided that Nate Silver, of was to be crowned the new God of The Maths and King Kahuna ...

Time to Change the Rules Rather Than Throw More Money at the Banks

David Paul | Posted 05.25.2011 | Business
David Paul

The current lesson for the commercial banks is that if they want to survive, they should not do any of the things -- such as increase lending -- that the Treasury is trying to get them to do.

Will someone tell Hank it's time to change course in the financial bailout?

David Paul | Posted 05.25.2011 | Business
David Paul

The longer this goes on, the more absurd it is becoming. Hank Paulson may know what he is doing. He may have insight that is lost on the rest of us. ...

Credit Default Swaps, the Collapse of AIG and Addressing the Crisis of Confidence

David Paul | Posted 05.25.2011 | Business
David Paul

The problem seems straightforward. After the AIG collapse, how does one institution trust its exposure to another?

McCain Econ Advisor Phil Gramm: Recession Starter

Lou Dubose | Posted 05.25.2011 | Home
Lou Dubose

Former Texas senator Phil Gramm is McCain's economic brain, and the current economic crisis is not the first one made possible by Gramm's sneaky commodity futures act of 2000.