The Derivative Project

Regulatory Reform

They Doth Protest Too Much: FSOC, Don’t Be Bullied By Federated’s Threat of Subversion

Reader Note:  This is a repost of a February 1, 2013 The Derivative Project Blog Post that was inadvertently deleted. Federated Investors, the third largest money market mutual fund company has a lot to lose if the FSOC follows through on their proposals to limit systemic risk that money market…

“Dangerous Liaisons”: How They are Harming the Retail Investor

The Project on Government Oversight, “POGO”  released a report today, “Dangerous Liaisons: The SEC Revolving Door”.   The report states:  “A revolving door blurs the lines between one of the nation’s most important regulatory agencies and the interests it regulates. Former employees of the Securities and Exchange Commission (SEC) routinely…

Investors, Who Should You Believe About Money Market Reform: Wall Street or Economists and Commercial Banks

Wall Street vs Commercial Banks There is a war going on out there and most investors have no idea, yet Wall Street is insisting they know what is best for every investor.  No surprise, what is in the “investor’s best interest” is in Wall Street’s best interest.  Has your financial…

The Department of Justice and The U.S. Taxpayer v AIG

U.S. taxpayers had forgotten about, or never really understood, (due to the misrepresentative reporting on the fraud perpetuated by AIG) how they were duped. Taxpayers, here is another opportunity to see justice served for all the economic hardships following the 2008 financial crisis.  It is not to “get even” it…

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…

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…

Ring in the New Year Post MF Global: Fundamental Reform That Evens Out Hedge Costs for Farmers

Farmers’ Hedging Costs Exceed That of End Users in OTC Markets Why should our nation’s farmers be forced to post collateral (margin) on every hedge, on a regulated exchange, increasing their costs to doing business, when other end users, speculators and financial institutions are not required to do so in…