Truemors
Comprehensive 10 Year Review of AIG's Accounting Practices
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 | 36 wks ago | updated 35 wks ago
168 views | 4 recommendations | 1 comment
168 views | 4 recommendations | 1 comment
This Is Not A Normal Recession: Moving on to Plan B
""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...
history of speculation
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... 
Conspiracies All Through History
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
147 views | 15 recommendations | 5 comments
IT’S THE DERIVATIVES, STUPID! Why The bailout Had to happen
"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...
French bank admits trading loss
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...
Update: Stock Market Tanking? Don't Blame Regulators!
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... 
1369 views | 121 recommendations | 29 comments
What Journalists Should Know about Derivatives & the Economy
"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... 
GSE takeovers create a defined credit event
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... Financial Services Bloodbath
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... 
Warren Buffett blames banks for meltdown
He also does not see a quick solution for the sliding dollar, until the trade deficit gets reversed.
Rogue Trader: Risk Control Systems Scrutinized, Kerviel in Custody
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 Yerman | 1 year ago | updated 1 year ago
508 views | 0 recommendations | 0 comments
508 views | 0 recommendations | 0 comments
