Tags » Derivatives

Derivatives rules softened in victory for banks

http://mobile.bloomberg.com/news/2014-04-10/derivatives-rules-softened-in-victory-for-banks.html

In a victory for banks, global financial regulators revised rules governing how much money must be set aside to cover losses by swaps traders, backing away from guidelines that firms warned would destabilize the $693 trillion derivatives market. 769 more words

World News

CME High Frequency Trading Claim: Really?

Chidem Kurdas

If the allegations made in the lawsuit filed April 11th by three traders against CME are true, then executives of the exchange who can be shown to be involved should face criminal charges.

Fraud Investigation

The Global Banking Game Is Rigged, and the FDIC Is Suing

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. 1,675 more words

Ellen Brown Articles/Commentary

Norman Pilon reblogged this on Taking Sides.

Co-incidence or consequence?

Michael Lewis seems to be getting more mentions than anyone in the financial press and blogs this week. He’s clearly hit a raw nerve with his new book “Flash Boys”. 611 more words

Wall Street

The Global Banking Game Is Rigged

Remember those $112 Billion in derivatives on the NZ balance sheets I talked about a year or so ago?

Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. 295 more words

Economic Meltdown

Is the stock market rigged?

Michael Lewis thinks so.

On 30th March he went on CBS’ 60 Minutes in the US to promote his latest book “Flash Boys” an expose of the the dark world of High Frequency Trading (HFT). 757 more words

Wall Street

The Means Justify the Ends

This post is in the same vein as my previous post:

There is no I in Teamwork

My thought is to take a well-known and maybe overused saying and turning it on its head.   770 more words

Thoughts