Iris Mack's Blog - Derivatives

The Untold Story: Brooksley Born, Larry Summers & the Truth About Unlimited Risk Potential

Fri, 05 Oct 2012 14:23:00 --0100

By Mark Melin Larry Summers is attempting to re-write history at the expense of Brooksley Born, according to some, as fundamental principles of leverage & derivatives management are woefully ignored. As the western world wakes to the fact it is in the middle of a debt crisis spiral, intelligent voices are wondering how this manifested itself? As we speak, those close to the situation could be engaging in historical revisionism to obfuscate their role in the design of faulty leverage structures that were identified in the derivatives markets in 1998 and 2008. These same design flaws, first identified in 1998, are persistent today and could become graphically evident in the very near future under the weight of a European debt crisis. Please read more here.

Derivatives Regulations Debate Goes Behind Closed Doors

Mon, 25 Jun 2012 13:16:00 --0100

In the long war over Wall Street regulation, a little-noticed clash erupted this week over a plan to rein in risky trading overseas. Signs that a clash was brewing behind the scenes came after the Commodity Futures Trading Commission abruptly canceled a meeting to vote on the overseas trading proposal with just hours to spare. The agency provided no explanation, sending out only a short e-mail that it would ?no longer hold a scheduled meeting on June 21, 2012.? So much for President Obama's promise of transparency in his administration!

Joe Cross: From Derivatives Trader to Juicing Phenom

Sat, 23 Jun 2012 13:26:00 --0100

Here's more on Joe Cross - the dude from the Fat, Sick & Nearly Dead movie!

Top Hedge Fund: "The End Game: 2012 And 2013 Will Usher In The End"

Sat, 02 Jun 2012 13:52:00 --0100

Retired hedge fund manager and former Goldman Sachs executive writes a disturbing and scary forecast of the future of the world and the end of fiat money.

Nassim Taleb Explodes: JP Morgan CIO Paid More Than Mafia Boss For Taking Risks With Our Money

Sun, 20 May 2012 12:57:00 --0100

Once again, Taleb tells it like it is. I love it!

More Trading Losses @ JP Morgan Chase

Thu, 17 May 2012 13:52:00 --0100

Looks like Jamie Dimon's house of cards is unraveling - big time!

JP Morgan's $70+ Trillion Derivatives ~ Size of World's Economy

Tue, 15 May 2012 12:58:00 --0100

Jamie Dimon's derivatives house of cards!

Bloomberg: 30-Year JPMorgan Career - Topped With A Multi-Billion Dollar Derivatives Loss

Fri, 11 May 2012 15:41:00 --0100

JPMorgan Chase Chief Investment Officer Ina R. Drew, head of the unit responsible for a $2 billion trading loss, built a 30-year career at the largest U.S. bank by embracing risk and avoiding the spotlight. Please read more here.

Derivatives: Unregulated Multi-Trillion Dollar Global Casino for Banks (Graphics)

Wed, 09 May 2012 14:35:00 --0100

9 Biggest Banks' Derivative Exposure ~ $228.72 Trillion There is no government in the world that has this kind of money. This is roughly 3 times the entire world economy.

U.S. To Ease Derivatives Regulations

Wed, 28 Mar 2012 13:43:00 --0100

The House is nearing bipartisan approval of two bills easing requirements that President Barack Obama's overhaul of financial regulations imposes on some exotic financial instruments. Please read more here.

Bloomberg: Warren Buffett's Berkshire Profit Declines 30% on Derivatives

Fri, 09 Mar 2012 05:20:00 --0100

Mr. Buffett once referred to derivatives as weapons of mass destruction.

Bankrupt MF Global: Former Goldman Chief's Firm Spent Hundreds of Millions in Clients' Money (video)

Tue, 01 Nov 2011 19:59:00 --0100

This story is amazing! I am simply speechless!

Derivatives: U.S. Banks Holding Most Exposure

Thu, 27 Oct 2011 14:25:00 --0100

The Office of the Comptroller of the Currency (OCC) reports the following statistics on the derivatives markets for the second quarter of 2011.

Trading Report: Derivatives Crisis Could Destroy Global Financial System

Sat, 22 Oct 2011 04:26:00 --0100

Sobering statistics on the derivatives market from The Trading Report.

CNBC Anchors Trying to Get Investment Tips From Derivatives Expert Dr. Paul Wilmott (video)

Sat, 08 Oct 2011 03:23:00 --0100

It's amazing how the English maintain their composure. 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?