Derivatives Reform

Why a Banker Thinks Wall Street Should Be Regulated

Sanjay Sanghoee | Posted 05.21.2012

Read More: 2008 Financial Crisis, Derivatives, Financial Reform, Derivatives Reform, Wall Street Reform, Jamie Dimon, Commodity Futures Trading Commission, Brooksley Born, Goldman Sachs, JPMorgan Chase, Financial Crisis, Derivatives Trading, Alan Greenspan, Financial Regulation, Business News
Sanjay Sanghoee

Most bankers are not the unethical and blindly greedy creatures that politicians and the media make them out to be; and there is no doubt that without the productive activities of the banking sector, no other industry in our nation would be able to survive or thrive. But that does not mean there isn't a ghost in the machine.

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Don't Get Fooled Again

Taylor Lincoln | Posted 05.18.2012

Read More: Banking, Banks, JPMorgan Chase, Wall Street, Jpmorgan, Financial Reform, Wall Street Reform, Dodd-Frank, Derivatives, Derivatives Reform, Politics News
Taylor Lincoln

The JPMorgan episode may be the warning that Congress needs to return to its role of protecting the public rather than coddling the banks. But it also raises a question: How many times does a lesson have to be taught before it is learned?

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Banks Push For Trading Loophole, Would Allow For More Whale Fails

The Huffington Post | Mark Gongloff | Posted 05.15.2012

Read More: JP Morgan Chase, Dodd-Frank, Derivatives, Derivatives Reform, Derivatives Regulation, JPMorgan Chase, JP Morgan, Video, Wall Street, Jpmorgan, Banks, London Whale, Jp Morgan Chase London Whale, Jpmorgan Chase London Whale, Business News

U.S. banks might act worried about how JPMorgan Chase's trading pratfall will lead to tighter regulations on their own risky bets, but they've already...

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Yet Another Regulatory Retreat

Mark Gongloff | Posted 04.18.2012

Read More: Sec, Dodd-Frank, Derivatives, Cftc, Derivatives Reform, Swaps, Financial Reform, Derivatives Regulation, Regulation, Credit Default Swaps, Wall Street, Swap Dealer, Swap Dealer Regulation, Business News
Mark Gongloff

Corporate America, with help from the Obama administration, has struck yet another blow against the scary financial regulations it claims will hurt th...

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When You Speculate With Financial Derivatives, You Hurt Society

Slate | Eric Posner and Glen Weyl | Posted 04.06.2012

Read More: Derivatives, Speculation, Slate, Financial Derivatives, Derivatives Reform, Derivatives Regulation, Financial Speculation, Credit Default Swaps, Cftc, Financial Regulation, Business News

On Monday, the U.S. Commodity Futures Trading Commission issued an order prohibiting the marketing of a new set of derivatives that would have enabled...

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Protect Taxpayers Now With a Strong Volcker Rule

Dennis M. Kelleher | Posted 04.14.2012

Read More: Dodd-Frank Act, Hedging, Derivatives, Financial Reform, Bailouts, Derivatives Reform, Derivatives Regulation, Market Making, Big Banks, Paul Volcker, Volcker Rule, Barack Obama, Wall Street Crisis, Proprietary Trading, Wall Street Bailouts, Wall Street, Banks, Financial Crisis, Derivatives Trading, Financial Regulation, Business News
Dennis M. Kelleher

The argument for the Volcker Rule is obvious -- we shouldn't allow risky bets that pay enormous bonuses to bankers if they work, but stick taxpayers with the bill if they fail.

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Simon Johnson: Fear Companies Lurking In Dark Financial Shadows

Bloomberg | Simon Johnson | Posted 07.16.2011

Read More: Treasury Department, Derivatives, Derivatives Reform, Derivatives Regulation, Glencore, Commodities Trading, Marc Rich, Mervyn King, Goldman Sachs, JPMorgan Chase, Bank of England, Wall Street, Hedge Funds, Lehman Brothers, Private Equity Firms, John-Parsons, Financial Crisis, Glencore International Ag, Simon Johnson, Citigroup, Business News

On the face of it, Glencore International AG doesn't look too scary. With about $80 billion in assets, the Swiss-based commodities trader is a lightwe...

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Ryan Grim

Leahy Presses Obama To Name Key Reformer To Swaps Panel

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Pat Leahy, Dodd-Frank, Senate Judiciary Committee, Patrick Leahy, Commodity Markets Oversight Coaliation, Derivatives, Financial Reform, Senator Patrick Leahy, Derivatives Reform, Derivatives Regulation, Vermont, Commodity Futures Trading Commission, Cftc, Goldman Sachs, Cota & Cota, Sean Cota, New England Fuel Institute, Gary Gensler, Financial Regulation, Senate Agriculture Committee, Politics News

WASHINGTON -- Sen. Patrick Leahy (D-Vt.) is lobbying President Obama to appoint Sean Cota, a Vermont business owner and an advocate of the regulation ...

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Derivatives Industry Report Collapses

Simon Johnson | Posted 05.25.2011

Read More: Derivative Regulation, Derivatives, Derivatives Reform, Derivatives Regulation, Derivatives Trading, Simon Johnson, Dodd-Frank Bill, Keybridge Research, Business News
Simon Johnson

The financial industry is making completely baseless claims about derivatives and must resort to hollow chicanery in a deliberate attempt to mislead the public and to fool people on Capitol Hill.

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The Wall Street "Trader Tax": Is Congress Targeting the Wrong Trades?

Chris Glorioso | Posted 05.25.2011

Read More: Wall Street Crisis, Wall Street, Hedge Funds, Derivatives Reform, Derivatives Trading, Trader Tax, Economic Recovery, Wall Street Bonuses, Business News
Chris Glorioso

One can debate whether a trader tax is wise or unwise on the whole, but it seems spurious to suggest the bulk of the tax burden should fall on traditional equities like stocks.

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Government Regulator Crafts New Derivatives Rules With Outside Help

Paul Blumenthal | Posted 05.25.2011

Read More: Financial Crisis, Gary Gensler, Financial Reform, Cftc, Derivatives, Derivatives Reform, Business News
Paul Blumenthal

The Commodity Futures Trading Commission (CFTC) has been tasked, along with the Securities and Exchange Commission (SEC), with setting new rules governing the transparent trading of derivatives for the first time.

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Alan Greenspan -- Stopped Clock of the U.S. Economy

Terrance Heath | Posted 05.25.2011

Read More: Federal Budget Deficit, Derivatives Reform, George W. Bush, Derivatives Regulation, Gop, Derivatives Trading, Federal Reserve, Alan Greenspan, Bush Tax Cuts, Fiscal Policy, Business News
Terrance Heath

A stopped clock is indeed right twice a day, but only for a minute each time. Former Fed chairman Alan Greenspan may be well on his way to being the stopped clock of the American Economy.

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Derivatives Reform: The Huge Two Loopholes Congress Is Fighting Over

rortybomb.wordpress.com | Mike Konczal | Posted 05.25.2011

Read More: Dodd Bill, Bank Reform, Derivatives, Financial Reform, Maria Cantwell, Over-the-Counter Derivatives, Derivatives Reform, Derivatives Regulation, Financial Regulation, Mike Konczal, Business News

We discussed two potential derivatives loopholes in the bill (One, Two), the first being about what constitutes a trading facility, and the second is ...

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The Stealthy Deregulation of Energy

Wallace Turbeville | Posted 05.25.2011

Read More: Enron, Energy, Enron Loophole, Energy Policy, Derivatives, Derivatives Reform, Deregulation, Green News
Wallace Turbeville

A colleague with an encyclopedic knowledge of the economy told me recently that he did not have a good feel for energy deregulation. My friend thought its obscurity may have been planned by the industry.

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Highlights Of The Financial Overhaul Bill (PHOTOS)

HuffPost/AP | Posted 05.25.2011

Read More: Capital-Cushions, Obama Financial Overhaul, Executive Pay, Obama Bank Restrictions, Financial Overhaul, Derivatives Reform, Derivatives Regulation, Government Spending, Oversight, Consumer Protection Agency, Federal Reserve, Credit Rating Agencies, Mortgage Loans, $700 Billion Bailout, Slidepollajax, Business News

Congress just passed a sweeping overhaul of America's financial regulatory system. The financial bill cleared the Senate by a vote of 60 to 39, and ...

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Derivatives Reform Will Benefit -- Not Burden -- End Users

Jim Collura | Posted 05.25.2011

Read More: Derivatives, End Users, Financial Reform, Derivatives Reform, Financial Crisis, Financial Regulation, Business News
Jim Collura

The only derivatives users that need worry about this reform are those that have exploited the status quo recklessly and irresponsibly, driving up costs for all Americans and threatening our nation's economic stability and competitiveness.

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Banks Must Be Barred from Dealing Derivatives: It's NOT a Normal Part of the Business of Banking

SAFER | Posted 05.25.2011

Read More: Banks, Blanche Lincoln, Senate Banking Committee, Financial Reform, Derivatives, Too Big to Fail, Derivatives Reform, Business News
SAFER

Jane D'Arista and Gerald Epstein Political Economy Research Institute (PERI), University of Massachusetts, Amherst and Coordinators of SAFER The furo...

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Shahien Nasiripour

Ex-Bear Stearns Chief Splits With Wall Street, Endorses Regulating Derivatives

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Bear Stears, The Financial Fix, Wall Street, Financial Reform, Derivatives Reform, Financial Crisis, Alan Schartz, Fcic, Jimmy Cayne, Phil Angelides, Business News

The former chief executive officer of failed investment bank Bear Stearns endorsed Congress's push to mandate federal re-regulation of derivatives. ...

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Shahien Nasiripour

Apple, Whirlpool Among Companies Calling For Relaxed Standards For Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Financial Crisis, The Financial Fix, Derivatives, Derivatives Reform, Coalition for Derivatives End Users, Apple, Harley-Davidson, Financial Reform, Wall Street Reform, JPMorgan Chase, Jamie Dimon, Business News

Household names like Apple, Caterpillar and Whirlpool are part of a coalition of companies lobbying Congress to allow Wall Street to escape tough new ...

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The Financial Crisis: We Know Enough; Now Let's Do Enough

SAFER | Posted 05.25.2011

Read More: Banking Crisis, Shadow Banking, Proprietary Trading, Senate Banking Committee, Financial Reform, Derivatives Reform, Senate Bill, Business News
SAFER

William Black, University of Missouri, Kansas City James Crotty, Department of Economics, University of Massachusetts, Amherst Jane D'Arista, SAFER & ...

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FDIC Head Sheila Bair: Let Banks Keep Derivatives

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: FDIC Derivatives, Fdic, Derivatives, Derivatives Reform, Financial Reform, Derivatives Regulation, Derivatives Banks, FDIC Chairman Sheila Bair, Sheila Bair, Sheila Bair Derivatives, Financial Regulation, Business News

WASHINGTON — A top government banking regulator wants Senate Democrats to let banks keep most of their business in complex – and profitabl...

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Derivatives Reform Would Cost Goldman Sachs 41% Of Earnings: STUDY

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: Goldman Sachs, Bernstein-Research-Call, The Financial Fix, Derivatives, Financial Reform, Derivatives Reform, Banks, $GS, Business News

A research firm has a memo to big banks on derivatives reform: Be afraid, be very afraid. At the NYT's Dealbook, Cyrus Santi has word of a rather s...

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Sen. Feingold & Cantwell: Stay Principled and Vote Against Weak Financial Reform Bill -- But Don't Let Republicans Filibuster

Miles Mogulescu | Posted 05.25.2011

Read More: Financial Regulatory Reform, Russ Feingold, Volker-Rule, Fillibuster, Conference Committee, Financial Meltdown, Ratings Agencies, Maria Cantwell, Financial Reform, Derivatives Reform, Too Big to Fail, Financial Crisis, Executive Compensation, Politics News
Miles Mogulescu

The Democrats' financial reform bill is weak tea that doesn't fix the problem of too big to fail megabanks or prevent the next cycle of boom, bust and bailout.

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Comparing Goldman Sachs to a Casino Is an Insult to Casinos

Miles Mogulescu | Posted 05.25.2011

Read More: Lloyd Blankfein, Senate Subcomittee on Investigations, Goldman Sachs, SEC Goldman Sachs, The Financial Fix, Goldman Sachs SEC Charges, Goldman Sachs Fraud, Derivatives, Goldman Sachs Ceo Lloyd Blankfein, Financial Reform, Derivatives Reform, Wall Street Reform, Derivatives Bill, Financial Regulation, Politics News
Miles Mogulescu

Running a gambling casino is actually a pretty simple, straightforward and honest business. You're closely regulated by the state gambling commission. But if you're Goldman Sachs, you can load the dice.

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A Sure Way To Solve America's $200 Trillion Derivatives Problem

Peter G. Miller | Posted 05.25.2011

Read More: Banks, Warren Buffett, Partnerships, Individuals, Derivatives, Derivatives Reform, Business News
Peter G. Miller

America's banks hold derivatives valued at more than $200 trillion, about a third of the world total. Hopefully Wall Street has it figured out just ...

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