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Derivatives

In The Public Interest: My Top Ten List of Things to Watch For at Today's Wall Street Reform Conference

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

The good news is that both the House and Senate passed Wall Street reform bills including a strong, new, independent consumer agency.

Senator Blanche Lincoln's Derivatives Reform Bill Must Pass

L. Randall Wray | Posted 05.25.2011 | Politics
L. Randall Wray

Here is the choice Sen. Lincoln offers: you can continue with your derivatives, acting against the public interest, or you can be a bank. You cannot be both.

Chimpanzees Prefer Fair Play To Reaping An Unjust Reward

Eric Michael Johnson | Posted 11.17.2011 | Healthy Living
Eric Michael Johnson

Fairness is the basis of the social contract. As citizens we expect that when we contribute our fair share we should receive our just reward. When s...

How to Fix the Wall Street Reform Bill

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Washington has tied itself in knots trying to find a way to thwart "too big to fail" without cutting megabanks down to size. It can't be done. When something is too big, the solution is to make it smaller.

Cheating Advice for Goldman Sachs

Jeff Kreisler | Posted 05.25.2011 | Business
Jeff Kreisler

As the trial approaches, destroy the evidence.

Financial Fantasy Baseball, Top Prizes Guaranteed!

Bob Rice | Posted 05.25.2011 | Home
Bob Rice

If you like fantasy baseball, and want to earn, say, a billion a year, here's a career tip: come to Wall Street. No, please, don't be intimidated. ...

Key Democratic, GOP Senators Say They're Close To Agreement On Financial Reform

Washington Post | Brady Dennis and Paul Kane | Posted 05.25.2011 | Politics

Key members of both parties said Wednesday that they are close to agreeing on the main elements of a bill to overhaul the nation's financial regulatio...

What's Bad for Wall Street Is (Sometimes) Good For The Rest Of Business

BNET | Carter Dougherty | Posted 05.25.2011 | Business

As Congress approaches the moment of truth in reforming the American financial system, some folks are getting lost in the shuffle: everyone in this co...

Weekly Audit: How Deregulation Fueled Goldman Sachs' Scam

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Last week, the Securities and Exchange Commission filed fraud charges against Goldman Sachs and underscored w...

A Short Citizen's Guide to Reforming Wall Street

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

The Dodd bill now being considered in the Senate is a step in the right direction. Yet despite the hype, it's a very modest step. It leaves out three of the most important things we need.

The Goldman Rule

Dr. Philip Neches | Posted 05.25.2011 | Business
Dr. Philip Neches

To the general public, the case against Goldman Sachs provides the "smoking gun" for the growing belief that Wall Street is not just a casino, but a crooked and fixed casino.

Derivatives Reform: More Than 1,500 Lobbyists And Bankers Swarm Agriculture Committee

New York Times | EDWARD WYATT and ERIC LICHTBLAU | Posted 05.25.2011 | Business

Assessing the battle to overhaul the nation's financial regulations recently, Jamie Dimon, the chief executive of JPMorgan Chase, left no doubt about ...

The (Only) Important Lesson from the SEC vs. Goldman

Bob Rice | Posted 05.25.2011 | Business
Bob Rice

Wall Street "innovation," like synthetic CDOs, are just new casino games that generate big profits for the house, but only huge risks for our economy.

Shahien Nasiripour

Wall Street Reform Could Cost Goldman Sachs BILLIONS

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The proposed financial reforms pending before Congress could cost Goldman Sachs nearly a quarter of its annual profits, Citigroup analysts estimate in...

Shahien Nasiripour

House Passes Wall Street Reform Bill With Zero GOP Votes

HuffingtonPost.com | Shahien Nasiripour | Posted 12.11.2009 | Business

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

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 11.18.2009 | Business

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

Shahien Nasiripour

Senator Says Loophole In Derivatives Regulation Undermines Reform

HuffingtonPost.com | Shahien Nasiripour | Posted 11.20.2009 | Business

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...

Real Reform Gains Traction: Lincoln Stands Firm on Derivatives Overhaul

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Almost nobody in Washington wants to be caught committing an epic sell-out to Wall Street during the final stages of the reform process, when the public is watching every move. The political momentum is with Lincoln.

Clinton: Rubin And Summers Gave Me Wrong Advice On Derivatives, And I Was Wrong To Take It

ABC News | Posted 05.25.2011 | Business

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Shahien Nasiripour

Another Fed Official Supports Plan Forcing Banks To Spin Off Derivatives Units; Obama's Treasury STILL Opposed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The president of the Federal Reserve Bank of St. Louis supports a Senate plan that would force Wall Street megabanks to spin off their derivatives uni...

The Case Against Jamie Dimon: Oligopoly, Pain, and Systemic Risk in Five Slides

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Here's the danger: the centralization of risk and power is leading us right into another disaster. We need to get the banking oligopoly under control. But Jamie Dimon is fighting back tooth and nail. And that's why we must fight Jamie Dimon.

SEC To Hire Experts And Academics, Fewer Lawyers

washingtonpost.com | Zachary A. Goldfarb | Posted 05.25.2011 | Business

Although lawyers fill most of the SEC's ranks, the agency has been hiring experts with specialized quantitative skills and those who have worked on Wa...

Weekly Audit: Financial Reform Makes Headway, Jobs And Social Security In Jeopardy

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

by Zach Carter, Media Consortium blogger Two critical Wall Street reforms, once declared dead by U.S. megabanks, are suddenly close to Congressional ...

George Orwell is Reborn as Mitch McConnell

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

To win, Democrats have to squeeze the Republicans, to expose the fact that they are fronting entirely for the big Wall Street Banks. Forcing the Republicans into a corner is the road to success.

Shahien Nasiripour

Obama's Treasury Dept Working To Defeat Derivatives Proposal 'Of Utmost Importance' To Reforming Wall Street

HuffingtonPost.com | Shahien Nasiripour | Posted 06.14.2010 | Business

A Senate proposal to force banks to shed their lucrative yet risk-laden derivatives units -- which is vehemently opposed by Wall Street -- is gaining ...