Derivatives

Derivatives: The Crystal Meth of Finance

Thomas A. Bass | Posted 06.05.2009 | Business


Thomas A. Bass

The world economy sits on top of the world financial markets, and there is no hope of engineering an economic recovery without a functioning financial system.

We Still Haven't Faced the Full Depth of the Economic Crisis

Deepak Chopra | Posted 05.27.2009 | Home


Deepak Chopra

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AIG's Financial Products Unit Hasn't Signed "Big Bang" Protocol

Financial Times | Michael Mackenzie and Francesco Guerrera | Posted 05.14.2009 | Business


The unit that all but destroyed AIG has failed to sign up for the overhaul of the global derivatives market which was given added impetus by the troub...

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

Jay Michaelson | Posted 04.28.2009 | Politics


Jay Michaelson

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

Sex, Spitzer, Derivatives: Using Our Outrage

Ari Melber | Posted 04.25.2009 | Politics


Ari Melber

In a galling demonstration of Washington's tangled priorities, leaders in both parties still refuse to tap Eliot Spitzer's expertise for policymaking and enforcement in the current crisis.

Kit Taylor: Derivatives Should Have Been Regulated

Bloomberg | Darrell Preston | Posted 04.25.2009 | Business


March 25 (Bloomberg) -- The former chief regulator for the $2.69 trillion municipal bond market for the first time acknowledged that the governing boa...

AIG, Populist Rage, and the Future of Banks

Howard Schweber | Posted 04.18.2009 | Business


Howard Schweber

Lately the torches-and-pitchforks voices have begun to drown out serious discussion. Time to take a deep breath or two: populist rage is a rotten basis for policy-making.

Jason Linkins

Scritti Politti: March 16, 2009

HuffingtonPost.com | Jason Linkins | Posted 04.16.2009 | Politics


After the 2008 Election, it was generally decided that Nate Silver, of FiveThirtyEight.com was to be crowned the new God of The Maths and King Kahuna ...

Billions for AIG to Protect the Speculative Profits of Goldman Sachs/Morgan Stanley

Raymond J. Learsy | Posted 04.05.2009 | Business


Raymond J. Learsy

It is past time that a distinction be made between that part of AIG's business that was a "large and stable insurance company," and that part that was a "hedge fund," or better put, a casino.

JPMorgan Derivatives' $5 Billion Windfall

Bloomberg | Matthew Leising and Elizabeth Hester | Posted 04.03.2009 | Business


March 3 (Bloomberg) -- JPMorgan Chase & Co. managed to generate $5 billion in profit during the worst year in Wall Street history by trading over-the-...

How About a Smart-Plus-Greedy-Equals-Stupid Tax?

David Quigg | Posted 02.03.2009 | Business


David Quigg

How about a smart-plus-greedy-equals-stupid tax? We will save it for the absolutely inevitable moment in the not-so-distant future when Wall Street will forget the lessons of 2008.

Will someone tell Hank it's time to change course in the financial bailout?

David Paul | Posted 12.16.2008 | Business


David Paul

The longer this goes on, the more absurd it is becoming. Hank Paulson may know what he is doing. He may have insight that is lost on the rest of us. ...

Paulson Cuts Goldman Sachs a Sweetheart Deal

Marco Trbovich | Posted 11.29.2008 | Politics


Marco Trbovich

An analysis of the bailout deals Paulson has been cutting with taxpayer dollars reveals he's giving the culprits who created the nation's credit crisis what amount to sweetheart deals.

Gretchen Morgenson Takes a Scab Off Wall Street

Stephen C. Rose | Posted 11.27.2008 | Business


Stephen C. Rose

These economic notes are consistent with the conviction that Barack should steer clear of advisers who were taken in by, or complicit in, the rape of regulation of the last decade.

Would the Economy be Different if They Had Listened to "The Girl?"

Joanne Bamberger | Posted 11.15.2008 | Business


Joanne Bamberger

Even though I worked at the Securities and Exchange Commission for a number of years, trying to explain things like derivatives was never my strong suit.

The Mines are Full of Canaries

Margaret Heffernan | Posted 11.15.2008 | Business


Margaret Heffernan

We need a new guard, who know the system but didn't build it. Don't let anyone tell you they're not out there. They've been there for years.

It's Time for the "Deregulators" Like McCain to Step Aside and Shut Up

Mitchell Bard | Posted 10.23.2008 | Politics


Mitchell Bard

How can a guy like John Boehner, who got us into this mess in the first place, have the unmitigated nerve to try and dictate the terms of how to fix things?

Don't Bum Rush a Bad Deal

Charlie Cray | Posted 10.23.2008 | Business


Charlie Cray

They're talking about pushing through the largest bailout in history without any hearings. No time to debate the issues. Just ram it through. That says a lot by itself. Shock doctrine, anyone?

McCain Econ Advisor Phil Gramm: Recession Starter

Lou Dubose | Posted 04.18.2008 | Home


Lou Dubose

Former Texas senator Phil Gramm is McCain's economic brain, and the current economic crisis is not the first one made possible by Gramm's sneaky commodity futures act of 2000.