AIG now stands for "arrogance, incompetence and greed" ...according to U.S. House Representative Paul Hodes (D-NH). Now it ratchets way up... U.S. Senator Chuck Grassley (R-IA), said AIG executives should follow...
created by danglingwrangler | 32 wks ago | updated 32 wks ago 165 views | 4 recommendations | 1 comment
""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...
U.S. History of Anti-Speculation Precedents Reviewed for Congress--Outlawing Stock Jobbing, Bucket-Shops, Gaming A brief history of what kinds of useful anti-speculation measures were taken in the past by U.S. Federal and state agencies, was presented at yesterday's hearing...
opinion by DrMarty | 49 wks ago 579 views | 5 recommendations | 1 comment
One of the darkest words in the language of man. Yet there is hardly a single page of history that doesn’t reveal the deadly eye of conspiracy at work. It was a conspiracy that directed Brutus against Caesar in...
created by SUICIDEkings | 1 year ago | updated 1 year ago 147 views | 15 recommendations | 5 comments
"This story from Web of Debt is one of the few that made it very clear to me that if the Fed did not intervene, chaos would have shortly followed and even more large dominoes would have fallen. Sad part is that...
created by SUICIDEkings | 1 year ago | updated 1 year ago 185 views | 2 recommendations | 9 comments
With France now officially in a recession ad the global markets reeling, this revelation from a French bank that it lost 600 million euros in a derivatives trading incident last week couldn't have come at a worse...
created by Dave Keating | 1 year ago | updated 1 year ago 85 views | 4 recommendations | 2 comments
"You no doubt have read the word in financial pages or heard it on CNBC, but what are derivatives and what do they have to do with the failure of Lehman Brothers?From HowStuffWorks.com: Derivative: A dependent...
created by bill hicks | 1 year ago | updated 1 year ago 346 views | 12 recommendations | 5 comments
Stocks, bonds, derivatives, marginal trading, hedge funds. Personally, I've just about had it! It is a given that the stock market and investment banking, when mentioned and discussed, causes many people's eyes...
opinion by Karen Hatter | 1 year ago | updated 1 year ago 1360 views | 121 recommendations | 29 comments
The change in risk created by the government takeover of FNM and FRE constitutes an event that will cause the settlement of 1.4 trillion dollars in derivatives. The actual affect is not known because the contracts are not standard. Each one is individually...
The NYTimes warned of the impending crisis in Credit Default Swaps this weekend. According to their piece:"Few
Americans have heard of credit default swaps, arcane financial
instruments invented by Wall Street about a decade ago. But if the
economy keeps slowing, credit...
created by mtippett | 1 year ago | updated 1 year ago 419 views | 2 recommendations | 1 comment
Update: The numbers are in, and they're big. Meanwhile, Jerome Kerviel's lawyers are hitting back, claiming that their client is a scapegoat for Société Generale's own poor investments."The French
financial...
created by jordan | 1 year ago | updated 1 year ago 507 views | 0 recommendations | 0 comments
The Wall Street bloodbath gains more momentum; just when you thought it was "safe" to breathe--a metaphor, to be sure--no offense, Mr. Al Gore:
E*Trade Financial shares hit rock bottom at the open, and have since...
created by djsblack | 1 year ago | updated 1 year ago 564 views | 0 recommendations | 0 comments
"UnumProvident Corp. (NYSE:UNM - news) shares rose nearly 8 percent on Friday on speculation the group life insurance company was going to be acquired.
"UNM Provident is a rumored takeover candidate, which is causing heavy call buying," said William Lefkowitz, options...
created by alaaron | 3 years ago 535 views | 0 recommendations | 0 comments