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 …
Why I Am Leaving Goldman Sachs
Why I Am Leaving Goldman Sachs By GREG SMITH Published: March 14, 2012 TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I …