Wall Street Confidence Trick: How Interest Rate Swaps Are Bankrupting Local Governments

Wall Street Confidence Trick: How Interest Rate Swaps Are Bankrupting Local Governments Ellen Brown http://WebofDebt.com/articles March 20, 2012 Far from reducing risk, derivatives increase risk, often with catastrophic results. — Derivatives expert Satyajit Das, Extreme Money (2011) The “toxic culture of greed” on Wall Street was highlighted again last week, …

Financial Statesmanship for a New Economy

Financial Statesmanship for a New Economy by John Fullerton Reactions to departing Goldman derivatives salesman Greg Smith’s “Why I Am Leaving Goldman Sachs,” which appeared as an op-ed in the NY Times last week, have ranged from the hyperbolic — Robert Reich’s “If you took the greed out of Wall …