The Derivative Project

OTC Derivatives, Fraud and Mutual Funds

Why the DOJ Must Counter Sue AIG Now

Reuters reported this week that AIG’s suit against the Federal government will receive class action status. Department of Justice, you now have no choice but to protect the U.S. taxpayer.  AIG’s credit default swaps were entered into fraudulently, since they knowingly entered into them without the financial capacity to make…

Lessons from 2012 Show Congress a Clear 2013 Road to Sustainable Economic Growth for the Middle Class

Hindsight provides a perfect vision for the future.  Here is our vision for a sustainable economic recovery for 2013 for middle class retirement savings.  Paramount to each of these points is a request for a renewed focus by Congress on the big picture that values society overall, over an obsolete…

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…

Material Conflicts, Lack of Training, Lack of Transparency Are at Heart of Financial Crisis

Floyd Norris of the New York Times has a piece today on the Barclay’s “Libor scandal”, Banks Ability to Rig Libor Shows a Change is Needed.  The premise of the piece is excellent, however, Mr. Norris and The New York Times, continue to rely on a circle of sources for…