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Clearing House

MF Global Collapse Puts Spotlight On Clearing Houses

Posted 12.23.2011 | Business
Read More: Clearing House, MF Global Holdings, Mf Global Collapse, Video, MF Global Corzine, MF Global, Business News, Mf Global Bankruptcy, Business News

LONDON (Reuters) - The collapse of U.S. futures brokerage MF Global has brought to light inconsistencies in the way clearing houses operate, prom...

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How to Deceive a Client Without Really Trying

Omer Rosen | Posted 06.11.2011 | Business
Read More: Tarp, Omer Rosen, Corruption, Citi, Fabrice Tourre, Conflict of Interest, Citigroup, Legerdemath, Fabulous Fab, Financial Reform, Derivatives, Regulation, Central Counterparty Clearing, Financial Fraud, Merrill Lynch, Clearing House, Goldman Sachs, Treasury-Rate-Lock, Morgan Stanley, Wall Street Regulation, Wall Street, Bailout, Lehman, Financial Crisis, Bear Stearns, Banking Trade, Business News
Omer Rosen

When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

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Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011 | Business
Read More: Corruption, Cdos, Fabulous Fab, Financial Reform, Regulation, Credit Default Swaps, Collateralized Debt Obligations, Schemes, Merrill Lynch, Goldman Sachs, Morgan Stanley, Bailout, Wall Street Regulation, Lehman, Default Swaps, Financial Crisis, Banking Trade, Fat Cats, Omer Rosen, Fabrice Tourre, Conflict of Interest, Legerdemath, Fraudulent, Corrupt, Derivatives, Spvs, Tarp, Central Counterparty Clearing, Credit Cards, Tricks, Citi, Financial Fraud, Fraud, Clearing House, Rosen, Credit Derivatives, Wall Street, Sivs, Bear Stearns, Citigroup, Omer, Business News
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

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