By Gillian Tett Published: August 26 2010 19:45 | Last updated: August 26 2010 19:45 Five years ago, the International Swaps and Derivatives Association held a lavish 20th anniversary dinner among the dinosaur skeletons in London’s National History Museum. The mood was triumphant. No wonder: back then the derivatives market …
Sovereign Governments v. Lords of Finance
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Greenspan wins Dynamite Prize in Economics
New Prize in Economics to Greenspan, Summers for Dynamiting the Global Economy! Sent by our good friend Patrick Bond. – Editor For Immediate Release 22 February 2010 *Alan Greenspan *has been judged the economist most responsible for causing the Global Financial Crisis. He and 2^nd and 3rd place finishers *Milton …
Come Clean, Larry Summers, About Your Role in the Credit Default Swap Mess!
© 2008 Hazel Henderson Dear Larry, now that you have been appointed as President-elect Obama’s economic supremo, we need you to explain why you enabled the unregulated CDS market to balloon to some $60 trillion! Mr. Obama said at his news conference November 25th about his incoming administration that “When …