The Derivative Project

Berkshire derivative speculation

Berkshire Profits Declined 24% on Derivative Speculation: President Obama, Congress–Why You Must Take Action Now

A Critical Look At Allowing Speculation in Derivatives, with No Mandatory Collateral and A Request for A 2012 Presidential Candidate’s Vision for a New Balance in our GDP Those at Occupy Wall Street want an even playing field, “economic justice” and perhaps some common sense regulation of financial markets and…

Part II “The Sokol Affair”: Mr. Sokol’s Lobbying to Make Taxpayers Foot the Bill on Berkshire’s Derivative Speculation

Part II on the Sokol “Affair” and Dodd Frank Derivative Reform: Here is A Summary of Mr. Sokol’s Derivative Speculation Lobbying Efforts and Congress Granting Him and Berkshire the Exception that Puts Taxpayers at Risk Mr. Sokol was appointed by Warren Buffett to ensure Berkshire’s $60 billion in speculative derivative…

Why the Sokol “Affair” is the Game Changer in Dodd Frank Derivatives Regulation

The Simple Story,  on how these markets use to operate, when societal needs in capital markets were placed above personal greed. In the “olden days” Wall Street actually talked about banks’ societal and capital role. The Simple Story was a speech given in February 2010 to a group of women…

Mutual Funds and Berkshire Hathaway’s Derivative Mission Creep – Why It Is Out of Line

The Derivative Project discussed in a July 30th Blog Post Berkshire Hathaway’s losing derivative bet with equity put options.  Wall Street Journal article.  Berkshire’s point is they are liquid, well-capitalized and there is no need to post collateral.  Based on their recent filings with the SEC that is correct.  However,…