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Derivatives

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

Georges Ugeux | Posted 01.07.2010 | Business

Read More: Securitization, Credit Derivatives, Capital Markets, Equity Positions, Derivatives, Restructuring, Fixed Income, Federal Reserve, Banking Sector, Glass-Steagall, Business News
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.

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In The Public Interest: It's Time for Main Street to Score a Win - Will Congress Do the Right Thing?

Ed Mierzwinski | Posted 01.04.2010 | Business

Read More: U.S. Economy, Main Predatory Lending, Wall Street, Bailout, Derivatives, Consumer Financial Protection Agency, Too Big to Fail, Cfpa, Main Street, Banks, Financial Crisis, Consumers, Ed Mierzwinski, Business News
Ed Mierzwinski

In 2010, will the Senate be able to reject the self-serving demands of the bank lobby and protect Main Street?

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My Congressman Sold Out To Wall Street

Cate Long | Posted 01.04.2010 | Politics

Read More: Derivatives Bill, Wall Street Crisis, Wall Street, Rep. Scott Murphy, Scott Murphy, Derivatives, Derivatives Reform, Politics News
Cate Long

The fight goes on in Washington to write new laws which creates a stable and transparent financial system. Wall Street and its influence is everywhere, even in guiding the actions of our congressman.

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AIG Internal Emails: Insurers Correspondence Details Confusion During Crisis

washingtonpost.com | Brady Dennis | Posted 12.30.2009 | Business

Read More: AIG Financial Products, Joseph Cassano, Derivatives, AIG FP, Aig, Washington Post, American International Group, Internal Emails, Elias-Habayeb, London, Wilton Connecticut, Business News

The Cassano-Habayeb correspondence, along with thousands of other e-mails obtained by The Washington Post, as well as supporting interviews, reveal a ...

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Derivatives Reform Has Failed: WSJ

wsj.com | RANDALL SMITH and SARAH N. LYNCH | Posted 12.29.2009 | Business

Read More: Derivatives Regulation, Lobbying, Derivatives, Derivatives Reform, Business News

Lobbying by Wall Street has blunted efforts to step up regulation on derivatives trading by carving out exceptions or leaving the status quo in place....

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The Gift America Needs Most: Manufacturing

Leo W. Gerard | Posted 12.22.2009 | Business

Read More: Harley-Davidson, Barbie, Manufacturing Strategy, Steel, Derivatives, Erector Set, Manufacturing, Wall Street Journal, Santa, Unemployment, General Motors, Wall Street, Great Recession, Furlough, New York Times, Monopoly, Business News
Leo W. Gerard

The gift this country needs most this holiday season is an economy built on a solid foundation, one that will provide middle class, family-supporting jobs now and into the future.

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AIG: We Shall Know the Truth

Jim Wallis | Posted 12.21.2009 | Business

Read More: Democracy, Economics, Jesus, Economic Crisis, Economy, Derivatives, Regulation, Business, Taxpayers, Economic, America, Government, American Insurance Group, Wall Street, Federal Government, Attorney General, Foreclosures, Financial Crisis, Morality, Business News
Jim Wallis

Before any deals are made to end government (read: taxpayer) control of AIG, we should demand answers to questions such as: Who knew what, and when? Who benefited, and by exactly how much?

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Barney Frank Vs. The Credit Raters (VIDEO)

Huffington Post Investigative Fund | Ben Protess | Posted 12.18.2009 | Business

Read More: Standard, Credit Raters, Derivatives, Lawrence J. White, Barney Frank, Business News

After deftly dodging federal regulation for years, the nation's top credit rating companies now must get past the formidable Barney Frank. Last week,...

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Shahien Nasiripour

Trading Profits Up 11 Percent For Banks; JPMorgan Chase Leads The Way

HuffingtonPost.com | Shahien Nasiripour | Posted 12.18.2009 | Business

Read More: Occ, Goldman Sachs, Bank of America, Regulatory Reform, Derivatives, Financial Reform, Wells Fargo, Profits, Citibank, JPMorgan Chase, Comptroller of the Currency, Financial Crisis, Banks, Paul Volcker, Trading, Wall Street, Citigroup, Glass-Steagall, Business News

Despite controversy surrounding the financial instruments known as derivatives -- and legislation that might finally start to regulate them -- the nat...

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Goldman Sachs Driving YRC Trucking Into Bankruptcy, Hoffa Says

bloomberg.com | Pierre Paulden and Shannon D. Harrington | Posted 12.17.2009 | Business

Read More: Goldman Sachs, Credit Default Swaps, Truckers, Andy Stern, James Hoffa, Derivatives, International Brotherhood of Teamsters, YRC Trucking, Seiu, Business News

Dec. 17 (Bloomberg) -- International Brotherhood of Teamsters President James Hoffa said Goldman Sachs Group Inc. is creating derivatives trades that ...

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Goldman Sachs: Let Me Count the Ways You Offend Us

Marcella Mroczkowski | Posted 12.17.2009 | Business

Read More: Arlington National Cemetery, Goldman Sachs, Christianism, Derivatives, Freedom, Middle Class, Economic Crisis, Banking Crisis, Federal Reserve, Objectivism, Banking Industry, Taxpayers, Business News
Marcella Mroczkowski

How do you offend us, Goldman Sachs? Let me count the ways: nstead of investing that money to grow the economy you foster predatory lending to our more vulnerable citizens, to feed your derivative gambling.

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Red Light Swaps

Cate Long | Posted 12.14.2009 | Politics

Read More: Derivatives Regulation, Derivatives Bill, Congress, Wall Street Crisis, Derivatives, Congressional Bailout, Derivatives Reform, Foreclosures, Lehman Brothers, Aig, Mortgage Delinquency, Politics News
Cate Long

Recently several Republican representatives, including Scott Garrett, have questioned whether derivatives helped create the financial crisis. Did derivatives cause the financial crisis? You bet.

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Shahien Nasiripour and Jeff Muskus

House Passes Wall Street Reform Bill With Zero GOP Votes

HuffingtonPost.com | Shahien Nasiripour and Jeff Muskus | Posted 12.11.2009 | Business

Read More: Bart Stupak, Goldman Sachs, Public Citizen, Financial Reform Loopholes, Derivatives, Financial Reform, Jpmorgan, Derivatives Loopholes, Barney Frank, House Financial Reform Bill, Financial Crisis, Barack Obama, Business News

In a close vote, the House of Representatives Friday afternoon passed a financial reform bill intended to re-regulate Wall Street and increase protect...

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Derivatives Regulation: The Devil in the Details

Cate Long | Posted 12.11.2009 | Business

Read More: Wall Street Crisis, Wall Street, Derivatives, Barney Frank, Federal Reserve, Congress, Credit Crisis, Collin Peterson, Business News
Cate Long

The House of Representatives has begun the debate on the Wall Street Reform and Consumer Protection Act. The real devil lurking in the details is the regulation of derivatives.

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Ryan Grim

Truckers, Farmers, Airlines Battle Wall Street

HuffingtonPost.com | Ryan Grim | Posted 12.10.2009 | Business

Read More: Wall Street, Derivatives, Dark Pool, Peanut Growers Wall Street, Derivatives Reform, Egg Producers, Business News

A broad coalition of businesses and organizations that use derivatives to legitimately hedge risks associated with their operations came out Thursday ...

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Jason Linkins

Treasury Touts Long-Available Derivatives Report As A Part Of Its 'New' Open Government Plan

HuffingtonPost.com | Jason Linkins | Posted 12.09.2009 | Business

Read More: Transparency, Treasury Department, Derivatives, Derivatives Reform, Treasury, Obama Transparency, Business News

This morning, the folks at the U.S. Treasury Department put out a press release announcing their "Open Government Plan," which they are touting as a "...

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In the Public Interest: Rein in the Financial System That Failed

Ed Mierzwinski | Posted 12.07.2009 | Politics

Read More: Fed, Greed, In the Public Interest, Wall Street, Derivatives, Cfpa, Too Big to Fail, Financial Crisis, Ed Mierzwinski, Public Interest, Corporate Greed, Tarp, Politics News
Ed Mierzwinski

In my 20 years in Washington, I've witnessed the deregulation of the financial marketplace and the ruin that goes along with it. I am determined not to let it happen again.

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Derivatives Regulation Could Cost J.P. Morgan $800M A Year: Study

Crain's New York Business | Aaron Elstein | Posted 12.04.2009 | Business

Read More: JP Morgan, Derivatives, Derivatives Regulation, Financial Crisis, Obama Financial Reform, Financial Regulation, Fiscal Policy, Business News

The research firm estimated that J.P. Morgan Chase & Co. could see annual revenues from its industry-leading derivatives business reduced by $3 billio...

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Shahien Nasiripour and Ryan Grim

Senator Says Loophole In Derivatives Regulation Undermines Reform

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.20.2009 | Business

Read More: Financial Crisis, Cantwell, Occ, Regulatory Reform, Derivatives, Financial Reform, Derivatives Reform, Collin Peterson, Barney Frank, Main Street, Bailout, Maria Cantwell, Wall Street, Business News

The effort to impose new restrictions on the financial system falls short of true reform if there's a gigantic loophole for foreign exchange derivativ...

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CFTC Gets Derivatives Advice From Industry Insiders

HuffPost Investigative Fund | Keith Epstein And Ben Protess | Posted 11.18.2009 | Politics

Read More: Cantwell, Goldman Sachs, Lobbyists, Cftc, Commodities Futures Trading Commission, JP Morgan, Obama, Citigroup Global Markets, Federal Advisory Committee Act, White House, Euronext Liffe, Maria Cantwell, Financial Crisis, Government Accountability Office, Jill Sommers, Cme, Lobbying, Derivatives, Richard Berliand, Financial Reform, Joanne Medero, Arthur Hahn, Goldman, Barclays, Jill E. Sommers, Barack Obama, Gao, Derivatives Trading, Robert Klein, Bonnie Litt, Citigroup, Politics News

Like many federal agencies contemplating reform these days, the Commodities Futures Trading Commission is hearing a lot from the industry it regulates...

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Shahien Nasiripour and Ryan Grim

EXCLUSIVE: Two Leading House Dems Will Close $50 Trillion Loophole In Derivatives Reform Bills

HuffingtonPost.com | Shahien Nasiripour and Ryan Grim | Posted 11.18.2009 | Business

Read More: Occ, Derivatives, End Users, Barney Frank, Derivatives Reform, Chris Dodd, Collin Peterson, Big Banks, Cftc, Exclusive, Tbtf, Financial Crisis, Banks, Foreign Exchange, Gary Gensler, Business News

The two House Democrats shepherding derivatives reform proposals through Congress will close an existing $50 trillion loophole for foreign currency co...

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Goldman Sachs Would Have Been Damaged By AIG Failure: SIGTARP Report

Huffington Post | Ryan McCarthy | Posted 11.18.2009 | Business

Read More: Cdos, Goldman Sachs, David-Viniar, Credit Default Obligations, Tim Geithner, Derivatives, Neil Barofsky, Aig, Credit Default Swaps, American International Group, Business News

Last April, Goldman Sachs CFO David Viniar said he was "mystified" by concerns that the government bailout of AIG may have disproportionately favored ...

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Derivatives Reform: 'Tricky Exceptions' Leave Market Unchecked: The Nation

thenation.com | William Greider | Posted 11.13.2009 | Business

Read More: Goldman Sachs, JPMorgan Chase, Morgan Stanley, Economy, Derivatives, Barney Frank, Bank of America, Regulatory Reform, Obama Administration, Derivatives Trading, Financial Regulation, House Financial Services Committee, Citigroup, Transparency, Business News

The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely t...

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Ralph Cioffi: Off the Hook for a Long Time Pattern of Behavior

Janet Tavakoli | Posted 11.11.2009 | Books

Read More: Bear Stearns Asset Management, Ralph Cioffi, Bear Stearns, Collateralized Debt Obligations, Wall Street, Matthew Tannin, Derivatives, Books News
Janet Tavakoli

I worked at Bear Stearns in the late 1980s and remembered amiable newcomer Ralph Cioffi -- just acquitted -- to be Bear Stearns' most talented and successful salesman of mortgage-backed securities.

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How Credit Raters Fended Off Oversight From Congress And The SEC

Huffington Post Investigative Fund | Ben Protess and Lagan Sebert | Posted 11.11.2009 | Business

Read More: Christopher Dodd, Paul Kanjorski, Chuck Shumer, Securities and Exchange Commission, Charles Schumer, Regulatory Reform, Derivatives, Floyd Abrams, Financial Crisis, Credit Rating Agencies, Sec, Chris Dodd, Huffington Posts Investigative Fund, Business News

Editor's Note: This is the second of three articles by the Investigative Fund on the credit rating companies. Read the first article here. When the n...

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