The Derivative Project
AIG Suit:  Role of Commercial Banks, Trust and Capital Markets

AIG Suit: Role of Commercial Banks, Trust and Capital Markets

AIG shareholders and Hank Greenberg have their day in court tomorrow.  Gretchen Morgenson of The New York Times writes a summary here: “Court Casts a New Light On a Bailout.”  Ms. Morgenson writes: “In spite of this punishment, A.I.G. repaid the loan in January 2011. I am not arguing that…

Congressional Capture Hasn’t Captured Senator Al Franken

Congressional Capture Hasn’t Captured Senator Al Franken

Regulatory capture is rampant, fueling the ongoing retirement crisis and the ongoing skimming of American’s retirement nest eggs by Wall Street financial intermediaries.  There is also a shocking proliferation of Congressional Capture.  As Firedoglake wrote, “Wall Street Lobbyists Literally Writing Bills in Congress.” There are so very few in Congress…