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Derivatives

The Casino of CFD Trading

Thaddeus McCarthy | Posted 08.12.2014 | Business
Thaddeus McCarthy

People should remember that their CFD provider is not on their side. The provider is actually operating with opposite motives.

Banks Could Still Blow Up The World

The Huffington Post | Mark Gongloff | Posted 01.25.2014 | Business

Big banks are perfectly safe these days, unless you count all those weapons of mass financial destruction they've got lying around. And who's counting...

Today's Bank Bailout Risk: Why Didn't We Stop This?

Janet Tavakoli | Posted 02.21.2014 | Business
Janet Tavakoli

The U.S. did not enforce existing securities laws, so no one should have confidence that new Dodd-Frank rules will have any meaningful impact. The U.S. banking system seems to have captured its regulators, Congress and the Treasury.

Zach Carter

WATCH: This Guy Spilled Bags Of Money At A Political Fundraiser To Make A Point About Derivatives

HuffingtonPost.com | Zach Carter | Posted 12.16.2013 | Politics

Letting a Wall Street lobbyist write your legislation is a surefire way to catch flak from campaign finance watchdogs. Rep. Jimes Himes (D-Conn.) lear...

We Just Dumped a Bag of Money on a Congressman -- Here's Why

Josh Silver | Posted 02.10.2014 | Politics
Josh Silver

As an anti-corruption advocate, I don't have a position on derivatives trading. What I do have a position on is corruption, and H.R. 992 is a textbook case of the way corruption has turned the People's House into an auction house.

Ryan Grim

House Democrats Twist History To Push Rollback Of Wall Street Reform

HuffingtonPost.com | Ryan Grim | Posted 10.30.2013 | Politics

WASHINGTON -- Lobbyists and House Democrats working to roll back a key provision of Wall Street reform are taking liberties with the truth as they mak...

There's Something Absolutely Insane Happening In The House Right Now

Mansur Gidfar | Posted 01.23.2014 | Politics
Mansur Gidfar

We have a bill that would roll back protections put in place after the financial crisis that was literally written by lobbyists for one of the major players in that same financial crisis.

The Debt Default Could Really Happen

Pat Choate | Posted 01.23.2014 | Politics
Pat Choate

The Tea Party Republicans are trying to legislatively veto a settled law -- the Affordable Care Act -- by holding hostage the funding for the entire rest of the U.S. government. This defies constitutional governance and borders on sedition.

Zach Carter

Wall Street Deregulation Likely To Attract Bipartisan Support

HuffingtonPost.com | Zach Carter | Posted 10.01.2013 | Politics

WASHINGTON -- When the drama surrounding a government shutdown abates, the House of Representatives expects to take up legislation to expand taxpayer ...

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...

Climate Derivatives Have Destroyed Energy Innovation

Carol Pierson Holding | Posted 09.11.2013 | Green
Carol Pierson Holding

For many years, I have rooted for the free market to fix the problem of climate change. I believe in innovation and the power of entrepreneurship. I w...

Failing Up to the Fed, A Reporters' Guide to the Paper Trail Surrounding Larry Summers

Mary Bottari | Posted 11.03.2013 | Politics
Mary Bottari

For journalists who are being told what a brilliant man and insightful regulator Larry Summers was behind the scenes, here are a few items from his public record you might want to review.

The Leveraged Buyout of America

Ellen Brown | Posted 10.28.2013 | Business
Ellen Brown

Giant banks are buying up our country's infrastructure -- the power and supply chains that are vital to the economy. Aren't there rules against that? And where are the banks getting the money?

Matt Damon Is Right

Brent Budowsky | Posted 10.15.2013 | Politics
Brent Budowsky

When the great actor Matt Damon recently said that President Obama "broke up with me," he hit the jackpot of telling political truth in the eyes of many progressive Democrats and independents.

Zach Carter

Obama: Larry Summers Would Make Excellent Fed Chair

HuffingtonPost.com | Zach Carter | Posted 08.09.2013 | Politics

WASHINGTON -- President Barack Obama on Friday pushed back against rumors that his former economic adviser Larry Summers has "the inside track" among ...

Why Is Obama Enabling a Fox to Guard the Fed Henhouse?

Jane White | Posted 10.06.2013 | Politics
Jane White

Is Larry Summers smart? Maybe, given that he became one of the youngest tenured professors at Harvard at age 28. But so what?

Larry Summers, A-Rod Deserve Same Fate

Peter S. Goodman | Posted 10.05.2013 | Business
Peter S. Goodman

Larry Summers deserves the same fate as A-Rod: Both merit banishment from the fields they sullied by inflating the numbers of their trades and making ...

We Can Do Better Than An Unrepentant Bully At Fed

Peter S. Goodman | Posted 09.24.2013 | Business
Peter S. Goodman

There are worse things in life than terrible phone manners, imperiousness and excessive confidence, but these traits have just become more relevant amid the disclosures that Larry Summers appears to be the front-runner to take over as Federal Reserve chairman assuming Ben Bernanke steps down early next year.

Money Rules

Leo W. Gerard | Posted 09.21.2013 | Politics
Leo W. Gerard

Banks are corporations, which are legal entities established under rules written by people. Their existence should advance America and Americans. Not the other way around. Many in Congress need to be reminded of that.

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 ...

European Attacks on U.S. Regulators Must Not Be Allowed to Weaken U.S. Derivatives Rules

Dennis M. Kelleher | Posted 08.24.2013 | Business
Dennis M. Kelleher

This is little more than a brazen attempt to bully U.S. regulators into delaying and weakening U.S. rules, which, as Senator Elizabeth Warren has pointed out, must not happen.

Coming Soon: Another London Whale Shocker?

Dimitri B. Papadimitriou | Posted 08.18.2013 | Business
Dimitri B. Papadimitriou

Did the London Whale revelations result in protections for bank customers -- and their federal insurers -- from this kind of gambling?

Mark Gongloff

Derivatives Are Weapons Of Slow Economic Destruction

HuffingtonPost.com | Mark Gongloff | Posted 06.14.2013 | Business

We have learned, painfully, of the damage derivatives can do to an economy in a financial crisis. But derivatives are hurting the economy even on its ...

J.P. Morgan Post-game Analysis

Richard Leblanc | Posted 05.24.2013 | Business
Richard Leblanc

What are we to take from this, from a governance and accountability perspective? First, the directors who received less than 60 percent should all be replaced.

Saving Our Economy With Public Banking

Carl Gibson | Posted 07.20.2013 | Business
Carl Gibson

The Fed claims that quantitative easing has helped create or save almost 2,000,000 jobs since 2008, and while that may be true, the people could probably find a much better way to spend $40 billion a month and create and save far more jobs.