Derivatives: U.S. Banks Holding Most Exposure
CNBC Anchors Trying to Get Investment Tips From Derivatives Expert Dr. Paul Wilmott (video)
I would have had a hard time keeping a straight face on this interview. LOL!
Paul is talking about derivatives and the CNBC folks are asking for investment tips?
FINCAD: Derivatives Trading Spikes in August
Great American Stickup: Reagan Republicans + Clinton Democrats Enriched Wall St While Mugging ...
Robert Scheer: Role of Bill Clinton and Bob Rubin in Deregulation of Derivatives Markets
Does Bill Clinton still not grasp that the current economic crisis is in large measure his legacy? Obviously that’s the case, or he wouldn’t have had the temerity to write a 14-point memo for Newsweek on how to fix the economy that never once refers to the home mortgage collapse and other manifestations of Wall Street greed that he enabled as president....
In his memoir Clinton pays tribute to Rubin as “the best and most important treasury secretary since Alexander Hamilton.” He wrote that line in 2004, when Rubin, who had come to Clinton from a top job at Goldman Sachs and later left for Citigroup, was already clearly defined as someone who profited mightily from the very bills that he had pushed through while working for Clinton.
Please read more here.
"The Warning" - Brooksley Born, Alan Greenspan, Larry Summers, Bob Rubin (video)
Please watch the video trailer for The Warning.
Boston Globe: Harvard's Shake-up After Larry Summers' Failed Derivatives Deals (video)
Please read more here.
Paging Iris Mack: Larry Summers Finally Figured Out the U.S. Economy is Sick?
Several folks contacted me and/or blogged about about Larry's new "uh-huh moment". Here's a funny example!

