The Derivative Project

Derivatives

Liquid Alts, Wall Street and Media Frenzies that Drive Retirement Investor Behaviors

Liquid Alts, Wall Street and Media Frenzies that Drive Retirement Investor Behaviors

The Media Frenzied Push for a “Passive Revolution”. The ink is hardly dry on the media frenzy that has created the “passive revolution”, where it is necessary to throw the baby out with the bath water and ignore the top performing, low fee active funds that have been generating alpha…

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…

Why Didn’t the SEC and Congress Investigate the Goldman/Libya Trades?

Why Didn’t the SEC and Congress Investigate the Goldman/Libya Trades?

  Reuters reported today “Libya Sues Goldman Over Losing Trades“.   No surprises here, just regrets the SEC and Congress did not do more sooner.  A billion dollar investment, that loses almost 100%, and generates more income to the “investment advisor”, than the client, is worth investigating as a fundamental…

Rewriting History: The Side Deal and the Congressional Testimony that Gave AIG a Free Pass and Goldman $13 Billion in Cash Flow

Did A Side Deal Save All the AIG Counter Parties, Including Goldman Sachs? With all the five-year reminiscing going on about the causes of the financial crisis—there is silence on one critical topic that needs real debate by Congress and the Department of Justice, before the history book is closed. As…

Rewarding Fraudulent Contracts With Bonuses and Rationale for New Financial Crisis Inquiry

Is it Time to Reopen an Inquiry Into the Causes of the 2008 Financial Crisis? Compliments of The New York Times, we share their opinion on the statements of AIG’s CEO Benmosche yesterday: Why It is Necessary to Reopen An Inquiry into the Causes of the 2008 Financial Crisis The…

With Budget Crisis Looming, Here is an Easy $6.5 Billion to Tap to Help Those that Need Food Stamps

The Financial Times reports today (subscription required) “CFTC chair Gary Gensler warns on fund cuts to police derivatives”: “Mr Gensler’s plea for more money is a standard regulator’s lament and one that he personally has made many times over the past two years. But it comes as Congress must approve…