Derivatives: The Crystal Meth of Finance
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.
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.
Deepak Chopra | Posted 05.27.2009 | Home
--
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...
Jay Michaelson | Posted 04.28.2009 | Politics
To ban or heavily regulate usurious derivative securities is not socialism. It is Christianity and Judaism.
Ari Melber | Posted 04.25.2009 | Politics
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.
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...
Howard Schweber | Posted 04.18.2009 | Business
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.
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 ...
Raymond J. Learsy | Posted 04.05.2009 | Business
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.
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-...
David Quigg | Posted 02.03.2009 | Business
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.
David Paul | Posted 12.16.2008 | Business
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. ...
Marco Trbovich | Posted 11.29.2008 | Politics
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.
Stephen C. Rose | Posted 11.27.2008 | Business
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.
Joanne Bamberger | Posted 11.15.2008 | Business
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.
Margaret Heffernan | Posted 11.15.2008 | Business
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.
Mitchell Bard | Posted 10.23.2008 | Politics
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?
Charlie Cray | Posted 10.23.2008 | Business
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?
Lou Dubose | Posted 04.18.2008 | Home
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.
Thomas A. Bass | Posted 06.05.2009 | Business