derivatives

Wall Street Has Already Shutdown Our Communities
"Derivatives are financial weapons of mass destruction." Read more...
73 House Democrats joined hands with House Republicans in a show of rare bipartisan support to screw the American people. Bankers everywhere cheer. Read more...
Cenk Uygur asks "Is it time to start the financial Armageddon clock?" Read more...
Who needs Fox when you've got CNN treating their audience to god-awful programming like Fareed Zakaria's Memo to the President: Road Map for Second Term? It's been airing on their network over the weekend, and it's nothing more than one more long Read more...
In 2008, the United States economy experienced a nearly unprecedented crisis, due to a perfect storm involving banking deregulation, complex derivatives, financial mismanagement, and larger systemic causes, including an inadequate Read more...

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More on the Libor scandal, this time from Robert Reich, who explains what it really means for American investors. He says the time to scream for more bank reform is now: There are really two different Libor scandals. One has to do with a Read more...
As Current TV's John Fugelsang, filling in for Eliot Spitzer this week reminded us, when average citizens break the law we have to pay fines that might actually act as a deterrent or face jail time and when these bankers and Wall Street commit Read more...
After the news that JP Morgan Chase lost $2 billion on high-risk credit derivatives this week, as usual, Sen. Bernie Sanders was one of our few voices of reason out there about what to do with these still too-big-to-fail institutions -- break them Read more...
An interesting op-ed in today's New York Times is written by a Goldman Sachs executive, who announces his resignation in the opinion piece titled "Why I Am Leaving Goldman Sachs." You know things are bad when the quitting employees refer to Read more...
Last night's 60 Minutes segment suggesting people run for Congress to profit from insider trading was pretty puffy in a number of ways. It seems, for example, pretty stupid to suggest Nancy Pelosi benefited from an IPO investment in Visa in 2005 Read more...