The Derivative Project

OTC Derivatives Legislation

Do Most Americans Want Deregulation? Finally, House Democrats Push for Honest Debate

“The least we could do is have an honest debate on these issues. Why don’t we have this debate in front of the American people? We may lose, but at least we’ll have educated people as to what we’re talking about.”  —Congresswoman Waters, in a June 12, 2013 Press Release…

Regulatory Capture and the Critical Role of “Poverty Stricken” Consumer Advocates

The Project on Government Oversight (POGO) held a debate on their excellent recent report on the revolving door, “Dangerous Liaisons” at the SEC last week, in New York City.  At this Debate, Susan Antilla, journalist and columnist for Bloomberg, Highlighted Plight of “poverty stricken consumer advocates.” “If you look at the rulemaking information that the…

Ameriprise vs Ameriprise: Even Wall Street Knows the Rot…Is that Why Potential Treasury Secretary Pick Chenault Sold It?

Ameriprise employees are suing Ameriprise over breach of fiduciary duty for putting their retirement savings into more expensive funds, packaged by Ameriprise.  Yes, that is self-dealing and a breach of fiduciary duty.  That is what every retirement investor is faced with in every 401k account today.  That is what every…

U.S. Taxpayers Need the Untold Story: Deutsche Bank, Mr. Buffett, and Mr. Khuzami

Former FDIC Chair, Sheila Bair, stated in her most recent book, Bull by the Horns, “If Main Street voters are confused or don’t feel they understand the problems, they are unlikely to exert political influence to correct those problems.” Main Street voters need to understand why President Obama appointed Wall…

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…

Congress, Here is Memorial Day Required Reading and a Heads Up on Your Role in the Next Block Buster CDS Trade

A week ago, House Leader Boehner begin his positioning for a renewed fight over deficits pushing the U.S. into a technical default on its debt, a scenario that the International Swaps Dealer Association (ISDA) has said it would pay out on credit default swaps if the U.S. is in technical…

Dodd-Frank Passed in 2010, But the Financial Blogosphere is Just Starting to Focus on a Fundamental Issue

Finally, progress!  We share with you a Blog Post from The Big Picture, Barry Riholtz’s Blog. Credit Default Swaps are Insurance Products, Not Tradeable Assets, that was linked to on the New York Times news service that aggregates and publishes links to Blogs.  Just “Google” Blog Runner- Derivatives to follow…