As current events make crystal clear, derivatives -- whose main purpose is to hedge risk for specified parties -- not only undermine a nation's real economy but they also undermine global financial stability.
derivativesThe world according to derivatives, part 4 of 7: History repeats...Newsvine - business Sun, 11/02/2008 - 08:32
As current events make crystal clear, derivatives -- whose main purpose is to hedge risk for specified parties -- not only undermine a nation's real economy but they also undermine global financial stability. French Bank Suffers $807 Million Trading LossNYT > Business Fri, 10/17/2008 - 06:41
Groupe Caisse d’Épargne said that it had incurred the losses as a result of unauthorized derivatives trading by a team on the bank’s own account. It's the Derivatives, Stupid! Why Fannie, Freddie and AIG All Ha...Newsvine - business Sun, 09/21/2008 - 11:28
Has it all become a giant Ponzi scheme, with the U.S. German Auto Parts Makers Acquires Larger RivalNYT > Business Thu, 08/21/2008 - 12:32
Schaeffler has won control of a larger rival, Continental, using an unusual derivatives transaction that analysts said could leave other German firms vulnerable to similar raids. MBIA Earnings Jump, but Downgrades WeighNYT > Business Fri, 08/08/2008 - 06:35
The bond insurer said that quarterly net income rose to $1.7 billion on gains on derivatives, but said that business had suffered from downgrades by Moody’s and Standard & Poor’s. Derivatives, Yummy Financial FunNewsvine - business Mon, 04/28/2008 - 18:52
Warren Buffet's timeless quote, "Derivatives are financial weapons of mass destruction" is such a proper way of putting it. On the brink of disasterNewsvine - business Mon, 03/31/2008 - 20:57
"Is it better to let Bear Stearns fail and risk setting off a market collapse that costs a million jobs?" The answer, of course, is no. Fed's rescue halted a derivatives Chernobyl...but for how longNewsvine - business Mon, 03/24/2008 - 03:39
The bailout of Bear Sterns delayed a catastrophe...but it may not have prevented it. The complex web of derivatives that are managed and owned by many key players make any possible failures suicidal for the entire financial system. Financial Service Firms Facing LawsuitTopix - Business News Sat, 03/15/2008 - 06:02
Its the End of Beginning for Closed-End Fund Holders; Lawsuit Includes Mississippi, Chicago, and Fairfax County VA, with 37 Financial Service Firms Being Sued for Alleging Price-Fixing and Bid-Rigging in Municipal Derivatives via ClipSyndicate |