derivatives

I just came across a post on Zero Hedge called “An Overview Of The Fed's Intervention In Equity Markets Via The Primary Dealer Credit Facility.” Now, that’s a mouthful. As far as I can discern, the post’s purpose is to expose alleged…

You are a teacher at a local primary school. Each school day you and some of your colleagues watch over the children at the school playground to make sure all of the children follow the rules and keep their hands to themselves. Your role is…

In one of my latest posts I said “greed is not good.” Quite frankly, I looked at this statement as self-evident in the wake of an economic catastrophe where greed was a defining element. Yet, a remarkable number of people commented in…

Janet Tavakoli was a recent guest on “On the Edge with Max Keiser” and had some troubling things to say about the state of the present U.S. financial system.  She believes the liquidity pumped into the system will not be sufficient…

Marshall Auerback here. This is a cross-post from an article I wrote at the finance site New Deal 2.0, a one-stop-shop for current news, sharp analysis and potential solutions of the country’s fiscal crisis. We’ve said it before and…

I am astounded at how quickly we have returned to the pre-crisis days of yore. Credit spreads are down, the stock market is up, volatility is down, earnings are up and bonuses are up.  It looks like happy days are here again. But, I…

Marshall Auerback here. I have been posting at an interesting new site called New Deal 2.0. You may have seen Edward linking out to articles on the site. Edward saw an article I wrote there recently and asked me to post it here as well…

Bloomberg News is writing a very worthy series of retrospective articles on the financial panic of September 2008.  I profiled the first one on Monday.  The next in the series came out yesterday and it makes for riveting and…

Back in April, I mentioned a story about BTA, a bank in Kazakhstan that had been nationalized by the state in February.  The interesting bit about the story was that interested parties from abroad (including Morgan Stanley) had…

Reuters is reporting that the ratings agencies are about to get into some serious legal problems.  You see,during the bubble years, the ratings agencies gave a gold-standard AAA rating to what now seems to be dubious investment…