The Derivative Project

Ring in the New Year Post MF Global: Fundamental Reform That Evens Out Hedge Costs for Farmers

Farmers’ Hedging Costs Exceed That of End Users in OTC Markets Why should our nation’s farmers be forced to post collateral (margin) on every hedge, on a regulated exchange, increasing their costs to doing business, when other end users, speculators and financial institutions are not required to do so in…

Live Blog- Senate Ag Committee- Congress Has No Choice: They Must End Self-Regulation by the Brokerage Industry

An Investigative Hearing on the MF Global Bankruptcy is now taking place at the Senate Agriculture Committee Tuesday, December 13, 2011 10:36 AM “On October 31, 2011, MF Global Holdings Ltd. declared bankruptcy – the eighth largest bankruptcy in U.S. history. Since then, federal officials have been unable to find…

Should Congress Look at Banning Naked Credit Default Swaps and Vote for Family Values?

The Derivative Project has long held the U.S. government is putting the U.S. taxpayer at risk by allowing the casino of speculating with over-the-counter derivatives to continue, particularly credit default swaps.  This issue goes beyond limiting speculation it is clearly highlighting a vote for “family values” and what is best…

Live Blog: House Agriculture Committee – Mr. Corzine Testimony

House Agriculture Committee MF Global Hearing – Mr. Corzine Testimony 4:40 PM ET Congressman McGovern (D-MA) asked Mr. Corzine:  “Can we regulate greed, incompetence and fraud out of existence?” The Derivative Project believes that is the most pertinent question raised since the 2008- 2009 financial crisis. We cannot regulate greed,…

GOP Joins the Democrats Asking DOL to Put Wall Street Profits Over Safety of IRA’s

One would think with farmers losing cash in the MF Global collapse last month, that  is still missing -in-action, Congress would begin to think something is “rotten in Denmark” and start to put the farmers and main street Americans over Wall Street.  Congress continues status quo, putting Wall Street’s interests…

Open Letter to The New York Times and the Star Tribune

Dear Editors of The New York Times and The Star Tribune: The Star Tribune, Minneapolis, Minnesota published an article, MF Global Woes Ripple Into the Heartland this week concerning the plight of Minnesota farmers who have had thousands of dollars, used for hedging their crops, frozen, due to the MF…

The Derivative Project Announces Two New Entrants to our Wall of Shame: SIFMA and ISDA

It was announced this afternoon, that Wall Street is suing the regulators over the position limits for speculation.  Here is a link to the article in the New York Times.  The article states: “But in a complaint filed in federal court in the District of Columbia, Sifma and ISDA argued…