iOS app Android app

Long Term Capital Management

Wall Street's Rap Sheet Tells a Harrowing Story

Anthony W. Orlando | Posted 11.06.2013 | Politics
Anthony W. Orlando

In recent years, we have developed an unhealthy habit of blaming the borrower, but there are two parties in every financial contract -- and the lender is almost always the more experienced, more sophisticated, and more powerful of the two.

What JPMorgan's Recently Released Internal Reports Unintentionally Say

John Fullerton | Posted 04.08.2013 | Business
John Fullerton

That regulators condone the continued use of VAR models and get pushed around on tougher capital and liquidity limits can only mean one thing: they have concluded that it's simply too dangerous to the system to reveal that the emperor has no clothes.

Why Are Our Political Leaders Jumping to Jamie Dimon's Defense?

David Paul | Posted 07.20.2012 | Politics
David Paul

It may be that what we are actually watching is a not very subtle food fight between our two political parties for campaign cash. Simply stated, this is not about Dimon's management skills, rather it is about his wallet.

Marcus Baram

MF Global's Risky Practice Could Lead To Next Crisis

HuffingtonPost.com | Marcus Baram | Posted 12.22.2011 | Business

The swift implosion of MF Global highlights a common practice used by aggressive speculators, one that experts say makes the broader financial system ...

Even After Record Growth, Hedge Funds Don't Pose Risk, Group Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Even as hedge fund assets grew at a record-breaking pace last quarter, no firm is so big that its failure would pose a threat to the financial system,...

The Federal Reserve's $3.3 Trillion Insider Loans Follow a History of Corrupt Practices

Robert Auerbach | Posted 05.25.2011 | Business
Robert Auerbach

There must be checks and balances for the Fed's activities. If the CIA can inform Congress, why should the Fed be exempt?

Bob Rubin Just Wants to Be Cuddled

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

When Bob Rubin and I reached the hotel entrance, the tension returned. He got this funny look on his face, and asked: "Do you want to go upstairs and... cuddle?"

Alan Greenspan's Financial History for Lobotomy Victims

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

Rejecting the capitalist values of choice and personal accountability, Greenspan filters history through an intellectual construct where no one -- most notably Alan Greenspan -- ever takes the blame.

Shahien Nasiripour

Wall Street Vet Involved In 1998 Long-Term Capital Management Bailout Says Nothing Has Changed

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Ten years before this latest crisis, the U.S. government engineered the bailout of a financial firm that had borrowed billions of dollars to make big ...

Paul Krugman: Washington's Gentle Treatment Of Wall Street Crippled Likelihood Of Economic Recovery

PAUL KRUGMAN | Posted 05.25.2011 | Business

Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue o...

To "Americans for Prosperity" Capitalism Is a Love Story

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

The only distinguishing feature of the Americans for Prosperity Foundation's "National Defending the American Dream Summit" was its astonishing homogeneity both in thought and in demography.

Manager Of Infamous Long-Term Capital Management Starting New Hedge Fund

ft.com | Posted 05.25.2011 | Business

John Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund -- his t...

Wall St.'s Robot Traders

minyanville.com | Ryan Goldberg | Posted 05.25.2011 | Business

Dramatic market moves have become commonplace, and those looking for a fundamental explanation are missing a significant structural change: The majori...

The Mines are Full of Canaries

Margaret Heffernan | Posted 05.25.2011 | 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.

U.S. Subprime Crisis Costs World $7.7 Trillion Dollars

AFP | Posted 05.25.2011 | Business

The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by B...