The Derivative Project

The Derivative Project Requests Investigation by House Tea Party Caucus on Use of Taxpayer Dollars for AIG/Goldman Collateral Calls

On April 14, 2011, The Derivative Project submitted a request to Congresswoman Michelle Bachman for a House Tea Party Caucus investigation into possible constitutional misuse of U.S. taxpayer dollars given to AIG and passed on to Goldman Sachs for collateral calls on speculative financial contracts, that were created by AIG without…

Part II “The Sokol Affair”: Mr. Sokol’s Lobbying to Make Taxpayers Foot the Bill on Berkshire’s Derivative Speculation

Part II on the Sokol “Affair” and Dodd Frank Derivative Reform: Here is A Summary of Mr. Sokol’s Derivative Speculation Lobbying Efforts and Congress Granting Him and Berkshire the Exception that Puts Taxpayers at Risk Mr. Sokol was appointed by Warren Buffett to ensure Berkshire’s $60 billion in speculative derivative…