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Hedges

How JPMorgan Got Around The Volcker Rule

Reuters | Posted 08.11.2012 | Business

By David Cay Johnston June 11 (Reuters) - JPMorgan Chase & Co blames its $2 billion, and maybe much larger, tradin...

Washington Abandons Greece: Beware of Geeks Bearing Grifts

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

The European Union is shocked -- shocked I tell you! -- that Greece used financial engineering to qualify for admission. Exactly how did they think that weaker countries managed to meet the requirements?

The Secrets To Goldman Sachs' Success: Contrary Bets, Predatory Lending, Government Connections, Offshore Tax Havens

McClatchy | Greg Gordon | Posted 05.25.2011 | Business

WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...