Category Archives: Derivatives

After Distancing Herself From Bill Clinton’s Economic Policies, Hillary Wants Him as Mr. Economic Fix It

Like the Bourbons, the Clintons appear to have learned nothing and forgotten nothing.

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Satyajit Das: “Stay in the Name of Reform” – The Fed and ISDA’s Derivative Bankruptcy Initiative

Why a proposal to “stay” derivatives termination in the event of bank bankruptcy is inconsequential and avoids bigger questions about the use of derivatives and failure to rein in risks in this market.

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Bill Black: “Liberal” Economists Cheered the New Democrats’ Deregulation of Finance

A case study illustrating how soi-disant liberal economists pushed the US to the right during the Clinton Administration.

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Former Citi Vice Chairman Robert Rubin, Target of DoJ Investigation, is Too Big to Jail

The Financial Crisis Inquiry Commission released a raft of documents from its 2010 investigation, including interviews with senior government officials like Alan Greenspan, Hank Paulson, and Sheila Bair, as well as other individuals deemed to be prominent like Warren Buffett and subprime short-seller Steve Eisman. It’s hard to see the justification for keeping information from […]

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