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Credit Default Swaps

The Greening of Goldman Sachs

David Paul | Posted 08.16.2009 | Business

Read More: Robert Rubin, Goldman Sachs, Fdic, TARP Money, Aig, Henry Paulson, Credit Default Swaps, Citigroup, Business News
David Paul

The US economic turnaround may not be complete. The AIG turnaround may not be complete. The GM turnaround may not be complete. But Goldman Sachs is back.

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The Mystery of the Missing Unemployed Man: On Jobs and Banks

Barbara Garson | Posted 08.13.2009 | Business

Read More: Bailout, Lehman Brothers, Speculation, Subprime Mortgage Crisis, Aig, Bear Stearns, Credit Default Swaps, Mortgage-Backed Securities, Barclays, Business News
Barbara Garson

People are speculating on derivatives and derivatives of derivatives because there's no action in the real world.

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Are Our Financial Markets Being Manipulated?

Danny Schechter | Posted 08.08.2009 | Business

Read More: Stock Rigging, Goldman Sachs, Credit Default Swaps, FInancial Markets, Manipuation, Business News
Danny Schechter

Market manipulation are actions by rogue and not so rogue players who, working alone or together, unduly influence the way our supposed "free" markets function.

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The Wall Street Journal Glosses Over the Pitfalls of Credit Default Swaps

David Fiderer | Posted 07.18.2009 | Business

Read More: Financial Crisis, Credit Default Swaps, George Soros, Financial TImes, Subprime Mortgages, Wall Street Journal, Business News
David Fiderer

Credit default swaps are insurance without the normal restraints imposed traditional insurance. Normally, you are not supposed to insure an asset that you do not own.

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Financial Crisis: Clinton's Role

Washington Post | Ezra Klein | Posted 06.28.2009 | Business

Read More: Regulating-Derivatives, Bill Clinton, Credit Derivatives, Derivatives, Financial Crisis, Credit Default Swaps, President Clinton, Financial Regulation, Business News

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...

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Regulating Credit Default Swaps: The Fight Over The Last Remaining Source Of Huge Banking Profits

Institutional Risk Analytics | Herbert Gold Society | Posted 06.20.2009 | Business

Read More: Cds Profits, Credit Default Swaps, Credit Default Swaps Profit, Regulating-Credit-Default-Swaps, Banking Profits, Business News

Despite bringing the world economy to its knees and costing taxpayers hundreds of billions of dollars in bailouts for events such as Bear Stearns, Leh...

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Ryan Grim

Liddy Unsure If AIG Wrote Credit Default Swaps on GM, Chrysler Debt

HuffingtonPost.com | Ryan Grim | Posted 06.13.2009 | Business

Read More: General Motors, Chrysler, Ed Liddy, AIG Bailout, Aig, Credit Default Swaps, American International Group, Edward Liddy, Business News

Edward Liddy, chairman of American International Group, told a congressional oversight panel Wednesday that he did not know if AIG had issued credit d...

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Stress Test for U.S. Banks Is a Complete Fraud

Sheldon Filger | Posted 06.12.2009 | Business

Read More: Aig, Stress Tests, Warren Buffet, Derivatives, Bank Stress Tests, Federal Reserve, Financial Crisis, Credit Default Swaps, Timothy Geithner, Ben Bernanke, Citigroup, Global Economic Crisis, J.P. Morgan Chase, Treasury Secretary, Business News
Sheldon Filger

It is the fear of the derivatives toxin that has frozen credit markets, leading to the Global Economic Crisis. Geithner's stress test can't fix the calamitous state of the U.S. banking sector.

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Credit Default Swaps: First SEC Investigation Into Complex Securities

24/7 Wall Street | Posted 06.06.2009 | Business

Read More: John-Paul Rorech, Credit Swaps, Credit Default Swaps, Credit Default Swap Court Case, Sec Suit Credit Default Swaps, Sec Investigation, Reanto Negrin, Business News

Insider trading has a new face. Credit default swaps, long one of the least understood and least regulated sets of financial instruments can be used f...

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The Fake Out: Imitating Regulation in the Era of Madoff

Harry Moroz | Posted 05.30.2009 | Business

Read More: Credit Default Swaps, House, Fraud, Marc Dreier, Harry Reid, Congress, Fraud Enforcement and Recovery Act, Allen Stanford, Bernie Madoff, Tarp, Senate, Financial Crisis, Business News
Harry Moroz

The Senate is capable of making activity illegal that the general public already assumes is illegal.

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Field of Dreams: Fantasy Finance Meets Fantasy Baseball

Les Leopold | Posted 05.28.2009 | Business

Read More: Cdo, Economy, Economic Crisis, Financial Crisis, Banks, Global Financial Crisis, Bernard Madoff, Credit Default Swaps, Business News
Les Leopold

Bernie Madoff, -- the Babe Ruth of fantasy finance -- is in a league of his own. His Ponzi scheme simply did away with all the fuss and bother of investments.

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Let us Now Praise Financial Luddism

Les Leopold | Posted 05.23.2009 | Business

Read More: Financial Crisis, Credit Default Swaps, Ben Bernanke, Economy, Economic Crisis, Business News
Les Leopold

What more has to happen before our policy leaders admit that "financial innovation" is precisely what crashed the global economic system?

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Hank Paulson, The Unnamed "Decider" In The Merrill Lynch Saga

David Fiderer | Posted 05.16.2009 | Business

Read More: Merrill Lynch, Andrew Cuomo, John Thain, Lehman Brothers, Ken Lewis, Merrill Lynch Bonuses, Bank of America, Henry Paulson, Fortune, Sec, Financial TImes, Barclays, Mortgages, Financial Crisis, Credit Default Swaps, New York-New York, Business News
David Fiderer

Why would Merrill's senior management, with BofA's acknowledgment, base their internal year-end projections on the assumption that securities prices would recover so sharply?

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Goldman Sachs, America's Unofficial Welfare Queen?

Sheldon Filger | Posted 05.15.2009 | Business

Read More: Hank Paulson, Aig, Credit Default Swaps, Blankfein, Goldman Sachs, U.S. Economy, Wall Street Bailout, Bailout, Economy, Recession, New York-New York, Business News
Sheldon Filger

To set the record straight, Goldman Sachs should come clean on any funds it received from U.S. taxpayers, passed through AIG, in the first quarter of 2009, and provide a precise accounting on how those payments affected their Q1 bottom line.

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Credit Default Swaps To Get Rules

bloomberg.com | Posted 05.09.2009 | Business

Read More: Cds, Regulating Credit Default Swaps, Credit Default Swaps, Credit Default Swaps Market, PIMCO and Credit Default Swaps, Cds Market, Business News

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

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U.S. Banking and 52 Card Pickup

Stephen Herrington | Posted 04.30.2009 | Business

Read More: Depression, Bailout, Subprime Mortgage Crisis, AIG Bailout, Banks, Banking Crisis, Henry Paulson, Aig, Timothy Geithner, Credit Crisis, Credit Default Swaps, Recession, Economy, Business News
Stephen Herrington

Many have argued, and correctly, that the banking community would resolve these ills on their own. Let them. Just don't let them take down the country while trying to save themselves.

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An Ancient Basis for Tomorrow's Financial Regulations: Rethinking Usury Law

Jay Michaelson | Posted 04.28.2009 | Politics

Read More: Christianity, Financial Crisis, Timothy Geithner, Judaism, Usury-Laws, Derivatives, Credit Crisis, Credit Default Swaps, Politics News
Jay Michaelson

To ban or heavily regulate usurious derivative securities is not socialism. It is Christianity and Judaism.

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How To Reform Credit Default Swaps

Ian Welsh | Posted 04.26.2009 | Business

Read More: Timothy Geithner, Credit Default Swaps, Cds, Financial Crisis, Credit Default Swap, Business News
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.

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The Illusion of Value

B. Jeffrey Madoff | Posted 04.25.2009 | Business

Read More: JPMorgan Chase, Citigroup, Bank of America, Apple, Dow Jones, Wall Street, Wells Fargo, Toxic Assets, Federal Reserve, Ponzi Scheme, New York Times, Credit Default Swaps, Timothy Geithner, Wall Street Journal, Business News
B. Jeffrey Madoff

There is no intrinsic value in words, it's how they are put together and how they are interpreted and whether they are believed. It's the same with the numbers that tell the story of the economy.

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AIG's Six Year Saga Of Alleged Fraud

Huffington Post | Julie Satow | Posted 04.24.2009 | Business

Read More: Fraud, AIG Bonus, Corporate America, Corporate-Fraud, Aig Bonuses, Aig, Aig Fraud, Fraud Aig, Corporate Greed, Credit Default Swaps, Aig Bailout New Information, Bonus Outrage, Business News

The recent outcry over $165 million in post-bailout bonus payments has put AIG on the hot seat. But, in fact, the bonus disbursement is perhaps the l...

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AIG Counter-Party Payments Worse than Bonuses

Jeffrey Feldman | Posted 04.19.2009 | Business

Read More: Aig, Credit Default Swaps, Jeb Hensarling, Counter-Party Payments, Wall Street Bonuses, Edward Liddy, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, AIG Scandal, Bailout Outrage, Business News
Jeffrey Feldman

When the key points of the AIG counter-parties list finally sink in to the American population, there is going to be a run on torches and pitchforks at local hardware stores.

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AIG Plutocrats Pilfer the Public

Diane Francis | Posted 04.19.2009 | Business

Read More: Aig, Wall Street, Economic Crisis, Meltdown, Economy, Wall Street Crisis, Larry Summers, Crisis, Ben Bernanke, Counterparties, Credit Default Swaps, Geithner, Wall Street Bailout, Recession, Business News
Diane Francis

What is scandalous is not only the US$165 million in AIG bonuses. It's the US$180 billion which has been shoveled into AIG by taxpayers to date, funds...

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Creep of the Week: AIG Bonus Grantor Edward M. Liddy

Leo W. Gerard | Posted 04.19.2009 | Business

Read More: Taxpayer Bailouts, Aig, Wall Street, United Auto Workers, Big Three Auto Companies, Usw, Washington Post, Credit Default Swaps, United Steelworkers, Uaw, American International Group, Creep of the Week, Bonuses, Edward M. Liddy, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Wall Street Bonuses, AIG Scandal, Bailout Outrage, Business News
Leo W. Gerard

AIG Chairman Edward M. Liddy gets the Creep of the Week award for his stunning, overwhelming, dumbfounding display of cluelessness.

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Bernanke Dodges the Bullets

Ann Pettifor | Posted 04.19.2009 | Business

Read More: Mccain-Liabilities, President Obama, Aig, Federal Reserve, Ben Bernanke, Credit Default Swaps, Alan Greenspan, Cbs, Credit Bubble, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Business News
Ann Pettifor

By fueling anger over AIG bonuses, Bernanke is playing a very old game. By aiming at AIG, he is distracting public anger from the Federal Reserve. He is protecting his reputation and legacy.

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The market bottom? no way Ben

Diane Francis | Posted 04.17.2009 | Business

Read More: Unemployment, Bankruptcy, Roubini, Economic Crisis, Meltdown, Crisis, Ben Bernanke, Credit Default Swaps, Sucker's Rally, Wall Street Crisis, Recession, Financial Meltdown, Dow, S&P 500, Business News
Diane Francis

Bank stocks had their best week on record last week and early this week as investors bet the bottom had been reached. I don't think so and hope I'm wr...

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