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Credit Default Swaps

DOJ Lets Banks Off The Hook

Reuters | Posted 02.01.2014 | Business

Dec 1 (Reuters) - The U.S. Justice Department is not planning any penalties on a civil probe relating to allegations that large banks tried preventi...

Clifford Threatens Default Unless Pageant Defunded

Steven Clifford | Posted 11.26.2013 | Comedy
Steven Clifford

Stock markets plummeted today in reaction to Steve Clifford's ultimatum that he would default on his debts unless the NFL defunded Super Bowl Halftime Pageants.

Shahien Nasiripour

The Next Derivatives Regulator?

HuffingtonPost.com | Shahien Nasiripour | Posted 09.18.2013 | Politics

The White House is considering Elizabeth Ritter, a longtime lawyer at the Commodity Futures Trading Commission, to replace Gary Gensler as the chief U...

Zach Carter

Senators Attempt To Revive Bank Rule

HuffingtonPost.com | Zach Carter | Posted 07.11.2013 | Politics

WASHINGTON -- A bipartisan group of four senators that includes Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.) introduced an updated version of ...

Our Skewed Political Landscape

Jeff Schweitzer | Posted 08.19.2013 | Politics
Jeff Schweitzer

By today's standards my political views are considered liberal, perhaps even far to the left of center. Yet just a few decades ago I would have been (and was) labeled a moderate or even slightly right of center for holding the same positions I hold today.

Shahien Nasiripour

Obama Set To Purge Top Wall Street Foe

HuffingtonPost.com | Shahien Nasiripour | Posted 06.11.2013 | Politics

President Barack Obama is poised to nominate Amanda Renteria, a former Senate staffer, to replace Gary Gensler atop the main U.S. derivatives regulato...

Wall Street's Bamboo Lounge Bust-Out

Joel Sucher | Posted 07.08.2013 | Business
Joel Sucher

Anyway, I never gave much thought to Goodfellas being a cinematic template for the kinds of schemes, scams and financial shenanigans pulled off by the Wall Street mob until recently.

NYT: Regulatory Issues Dog JPMorgan

Dealbook | JESSICA SILVER-GREENBERG and BEN PROTESS | Posted 05.03.2013 | Business

Government investigators have found that JPMorgan Chase devised “manipulative schemes” that transformed “money-losing power plants into powerful...

Dimon: London Whale Was 'The Stupidest And Most Embarrassing Situation'

The Huffington Post | Posted 04.11.2013 | Business

OK Jamie, we get it: you are very, very embarrassed about the whole London Whale debacle. In a letter to shareholders released Wednesday, JPMorgan...

Zach Carter

Wall Street's Political Payouts Higher For Those Voting To Deregulate

HuffingtonPost.com | Zach Carter | Posted 04.04.2013 | Politics

WASHINGTON -- The recent Wall Street deregulation push in Congress has been fueled by a significant disparity in campaign donations from big banks: Me...

Why Hank Greenberg Owes the American Taxpayer Money

Sanjay Sanghoee | Posted 06.01.2013 | Business
Sanjay Sanghoee

I don't care if Greenberg wants to sue God. It is a free country and he can do what he wants. But I do care when someone tries to reverse the consequences of their own bad decisions by using up the resources of my government.

Mark Gongloff

Weapons Of Mass Destruction Return To Wall Street

HuffingtonPost.com | Mark Gongloff | Posted 03.21.2013 | Business

Japan swore off nuclear weapons for generations after the bombings of Hiroshima and Nagasaki. Wall Street's memory vis-a-vis weapons of mass destructi...

Zach Carter

Dem On New Derivative Rules: 'This Could Come Back And Haunt You'

HuffingtonPost.com | Zach Carter | Posted 03.20.2013 | Politics

WASHINGTON -- A House Committee approved six new bills to deregulate Wall Street derivatives on Wednesday, advancing legislation that would expand tax...

WATCH: Dem Lawmaker Wants To Weaken Wall Street Reform

The Huffington Post | Zach Carter | Posted 03.13.2013 | Politics

WASHINGTON -- Rep. Jim Himes (D-Conn.) spoke to HuffPost Live on Wednesday to defend his new bill that would weaken regulations on some financial deri...

Shaking Hands With Obama in the Oval Office

Gary S. Chafetz | Posted 03.04.2013 | DC
Gary S. Chafetz

The guy had two full-time jobs: running for reelection and running the country. And yet every month he takes about an hour from his schedule to shake hands, chat briefly and take photos with members of the armed forces attached to the White House. Each is allowed one tag-along parent. I won the toss.

Wall Street Reformers Unwittingly Turn Derivates Market Over To Robots

The Huffington Post | Mark Gongloff | Posted 11.06.2012 | Business

We've seen how well robots handle stock trading, why not give them the keys to the credit-derivatives market, too? There may not be much choice: As...

Goldman Execs Win Dismissal Of TARP, Mortgage Lawsuit

Reuters | Posted 10.14.2012 | Business

Aug 14 (Reuters) - Goldman Sachs Group Inc officials won the dismissal of a shareholder lawsuit accusing them of breaching their fiduciary duties by...

Sandy Weill's Bank Breakup Hindsight isn't 20-20

Carol Roth | Posted 10.07.2012 | Business
Carol Roth

While the repeal of Glass-Steagall was certainly a part of making our system fragile to the point where it is at today, thinking that a simple solution like breaking up the banks will be the panacea that we seek is incredibly naïve.

Let Me Bore You With Tales of LIBOR -- or is it "LIE-BOR"?

Terry Connelly | Posted 09.13.2012 | Business
Terry Connelly

The next banking industry scandal to wash ashore in the US from Europe will be the matter of two periods of chicanery in the private association of global banks that set the basis for the so-called "LIBOR" interest rate.

Robin Hood Tax: Economic Justice

Leo W. Gerard | Posted 08.25.2012 | Business
Leo W. Gerard

The American Robin Hoods are seeking economic justice. They want Congress to resurrect the financial transactions tax. Britain, home of Robin Hood, already charges a form of it. Ten European Union countries plan to institute it. America needs it.

Bair: Regulators Should 'Admit They'd Made A Mistake' With JPMorgan

Reuters | Posted 08.14.2012 | Business

* Bair says doesn't like "piling on" over JPMorgan * Says loss does not threaten viability of the bank * But says it doe...

Unexpected Collateral Damage From JPMorgan's Failed Bets

Reuters | Posted 08.14.2012 | Business

By Carrick Mollenkamp and Cezary Podkul NEW YORK, June 14 (Reuters) - JPMorgan Chase & Co's disastrous bets on corporate debt may...

Will JPMorgan's Loss Provide a Win for Wall Street Reform?

Barbara Roper | Posted 07.14.2012 | Business
Barbara Roper

While regulation comes with a significant price tag, those costs pale beside the losses that banks can incur when left to their own devices. Will regulators take the hint that the cost-benefit fight is one they can win?

D.M. Levine

Derivatives Cassandra On JPMorgan: Told You So

HuffingtonPost.com | D.M. Levine | Posted 05.15.2012 | Business

To Brooksley Born, JPMorgan Chase's trading blowup looks a lot like the Long-Term Capital Management debacle of 14 years ago. It's "happening all o...

JP Morgan's Loss Could Be America's Gain

Joseph A. Palermo | Posted 07.13.2012 | Business
Joseph A. Palermo

The public opprobrium directed at Wall Street throughout 2008 and 2009 met with no satisfactory reformist result. That leaves us with Occupy Wall Street as the only viable option of steering the nation off the course of permanent high unemployment, low wages, and a shredded social safety net.