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Derivatives

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
John Fullerton

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

USA Is "AAA" in Label Only

Janet Tavakoli | Posted 02.26.2012 | Business
Janet Tavakoli

In the spring of 2007, the Fed reported that the degree of leverage in the global financial system was less than at the time of Long Term Capital Management, but in reality it was much greater. Global regulators are now repeating their mistakes.

Elizabeth Warren, Accountability, Debt Ceiling and: "No More Phonies" Reads America's Want Ad!

Lydia Fisher | Posted 09.19.2011 | Business
Lydia Fisher

Good for Elizabeth Warren for taking a stand. Coming from Wall Street, I know exactly what that means. You take the heat when you come up against the ...

What Happened to Shame?

Lydia Fisher | Posted 08.24.2011 | Business
Lydia Fisher

When I was growing up there was shame. Shame is defined as, "a painful feeling of humiliation or distress caused by the consciousness of wrong or foolish behavior." But this feeling seems to have disappeared from the way we do business in this country.

Peter S. Goodman

Same As It Ever Was: Executive Pay Soars, Worker Pay Stagnates

HuffingtonPost.com | Peter S. Goodman | Posted 08.15.2011 | Business

Nearly three years after the public bailed out Wall Street, ordinary working people are still waiting for the tiniest slice of the spoils, while the people who are getting the biggest share -- the executives -- are left free to gamble for profits.

Goldman Expects Federal Prosecutors To Demand Documents

The Huffington Post | William Alden | Posted 07.20.2011 | Business

Goldman Sachs executives expect federal prosecutors to demand to see internal documents, as the government ramps up its investigation into the way the...

Brazil´s Biofuel Drama Goes Global

Eric Ehrmann | Posted 07.18.2011 | World
Eric Ehrmann

Brazil's biofuel drama is a reminder that solutions packaged in green wrappers fail to scale with billions facing starvation in the Americas, Africa and Asia.

Simon Johnson: Fear Companies Lurking In Dark Financial Shadows

Bloomberg | Simon Johnson | Posted 07.16.2011 | Business

On the face of it, Glencore International AG doesn't look too scary. With about $80 billion in assets, the Swiss-based commodities trader is a lightwe...

WATCH: Exxon CEO Blames Wall Street For High Gas Prices

Posted 07.12.2011 | Business

WASHINGTON -- Exxon Mobil Chairman and CEO Rex Tillerson said Thursday that heavy Wall Street trading has driven up the price of oil well beyond the l...

How To Balance the Budget in One Easy Step

Raymond Griffith | Posted 06.14.2011 | Business
Raymond Griffith

OK. I am going to start out by admitting that I am not an economist. Like most people, I hadn't heard about derivatives, securities or exotic financia...

How to Deceive a Client Without Really Trying

Omer Rosen | Posted 06.11.2011 | Business
Omer Rosen

When it comes to bonds, the client is conveniently never shown how to settle based on prices. Instead they are taught a nonsensical and more complicated method called yield settlement.

Lila Shapiro

Analysts: Greenspan Derivatives Comments Shouldn't Be Trusted

HuffingtonPost.com | Lila Shapiro | Posted 05.30.2011 | Business

Former Federal Reserve Chairman Alan Greenspan said the Dodd-Frank financial reform bill had the potential to become the "largest regulatory-induced m...

Ryan Grim

Leahy Presses Obama To Name Key Reformer To Swaps Panel

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

WASHINGTON -- Sen. Patrick Leahy (D-Vt.) is lobbying President Obama to appoint Sean Cota, a Vermont business owner and an advocate of the regulation ...

Jason Linkins

Chamber Of Commerce President Mocks Demonstrators For Their Insufficient Knowledge Of Complicated Financial Instruments

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Business

It's important to remember that the ignorance of ordinary people who U.S. Chamber of Commerce President Tom Donohue mocks is precisely the state in which he hopes ordinary people to persist.

Republicans To Introduce Bills Weakening Financial Reform

Reuters | Kevin Drawbaugh | Posted 05.25.2011 | Politics

March 15, 2011 12:18:29 AM By Kevin Drawbaugh WASHINGTON (Reuters) - Congressional Republicans on Wednesday will stage their first outright ...

Zach Carter

Gambling On Hunger

HuffingtonPost.com | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Since July, the price of corn has jumped 62 percent. Wheat has climbed by two-thirds, and soybeans are 38 percent more expensive. For ma...

Derivatives Industry Report Collapses

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

The financial industry is making completely baseless claims about derivatives and must resort to hollow chicanery in a deliberate attempt to mislead the public and to fool people on Capitol Hill.

Derivatives Clearinghouses Are Ruled By Secretive, Elite Group Of Bankers

The New York Times | Posted 05.25.2011 | Business

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: t...

Legerdemath: Tricks of the Banking Trade

Omer Rosen | Posted 05.25.2011 | Business
Omer Rosen

I'd just turned 20 when I began a three-year stint on Citigroup's corporate-derivatives team. I had no work experience to speak of. As my boss said after my interview, I was "f***ing unpolished."

The Greenspan Hornet

Robert Brenner | Posted 10.03.2011 | Comedy
Robert Brenner

By day, Alan Greenspan is a mild-mannered Federal Reserve chairman. But by night, he fights a never-ending battle against government regulation and oversight.

ReThink Interview: Charles Ferguson, Director of Inside Job

Jonathan Kim | Posted 05.25.2011 | Entertainment
Jonathan Kim

People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?

Celebrating Ten Years of Derivatives Deregulation

Kevin Connor | Posted 05.25.2011 | Business
Kevin Connor

In the compromised state of our political system, individuals like Larry Summers and Lee Sachs are ascendant and corporations secure legislation on the strength of powerful friends and bottomless pockets.

Shadow Elite: The "Secretive" Bankers Who Love Derivatives and Hate the Free Market

Linda Keenan | Posted 05.25.2011 | Business
Linda Keenan

Banks keeping competitors out and price information to themselves are using tactics designed to maximize profits, but there's nothing free market about those tactics. It's up to the government to "free" the market, but so far it's failed.

Congress Must Fund Regulatory Reform

Barbara Roper | Posted 05.25.2011 | Politics
Barbara Roper

If Congress comes through with the funding, it will have gone a long way toward giving regulators two of the essential components of effective regulation -- authority and resources.

Two State Street Employees Charged With Misleading Investors On Subprime

AP | CANDICE CHOI | Posted 05.25.2011 | Business

NEW YORK — The Securities and Exchange Commission on Thursday charged two former employees of State Street Bank & Trust Co. with misleading inve...