The Derivative Project

Ag Swaps

Candidate Romney is Not Criticizing President Obama’s SEC and CFTC’s Failure to Regulate Post Madoff: Is He Also Too Cozy with the Regulators?

The Obama Administration has had months to effect the necessary changes in our securities industry’s self-regulation following the Madoff and Stanford Ponzi schemes.  The Peregrine fraud reveals the failure of our regulatory systems. Candidate Romney is quick to chastise President Obama for things outside his control, while ignoring issues the…

The Second Loss of Farmers’ Segregated Funds Calls for Sweeping Regulatory Change

Reuters reported earlier this morning, “MF Global Redux Feared as Broker said Missing Another $220 Million”,  another significant loss of our nation’s farmers’ segregated funds.  Reuters states:  “Less than nine months after MF Global’s collapse sent shock waves through U.S. futures brokerages, news that more than one-half of customer funds…

The Libor Scandal, Duck Tape and Today’s Global Financial Markets

The Libor Scandal, Barclays and the Bank of England Congress, we have an undeniable pattern here.  Unregulated markets are prone to manipulation to benefit individual traders or individual banks or brokerages. Self-regualtion is a sham. Regulators can only do so much. Greed must be controlled by public shame, criminal action,…

Does “Protecting Main Street from Excessive Regulation” Result in More Fraud and Farmer Losses?

The House Agriculture Committee just released this Press Release, February 16, 2012, under the guise of protecting our nation’s farmers.  The reality is our nation’s farmers use the futures markets, not Ag Swaps.  Who is this Bill for?  The major firms that speculate in Agricultural Commodities through the Ag Swaps…

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,…

“My Farmers are Beginning to Think this Tool is a speculative vehicle…”

At the CFTC Agricultural Advisory Committee meeting last Thursday morning, an agricultural advisory participant stated to the Committee, including Chair of the CFTC Gary Gensler, “My farmers are beginning to think this tool is a speculative vehicle–it really is a struggle.” The first point of discussion at the CFTC meeting…