Time provides more and more perspective on what appear to have been shenanigans by Wall Street during Dodd Frank derivative rule making. Minnesota farmer, Betsy Jensen, wrote in a New York Times Op Ed, Reap What You Swap, August 10, 2010, an Opinion arguing against the position presented by the Wheat…
AIG’s Contracts were simply Speculative Derivative Trades – The fact they were an “insurance company” is not Relevant The press, including the Wall Street Journal and New York Times, as we wrote yesterday, continue to make reference to AIG’s role in credit default swaps stemming from the fact they were…
Senator Carl Levin will hold a hearing on June 17th to examine the impact of conflicts on consumer confidence. “The panel will focus on how brokers balance the obligation to give customers best execution against services they provide for other brokers and trading venues”, according to the statement. We reported…
Today the NASDAQ was shut down, abruptly on a “technical glitch.” Today’s markets are obsolete.