lindlou

Large OTC Markets + Excessive Leverage + FVA = Systemic Risk

"How does a concept like FVA, which depends upon a certain degree of good faith by all market participants, operate in such a deliberately dishonest environment?"
I think this quote from the article sums it all up. When corruption reaches this level the damage is irrepairable.

The Credit Bubble: Deregulation Gone Wild

I think it's time that we called this what it really is--criminal behavior. I am sick of hearing debates about whether something was a "moral hazard" and if it was "ethically correct". The way to stop this is to go all of the way back, reinstate Glass-Steagall and all of the other depression-era regulations and start from there. I think the possibility of a long prison sentence might be the only thing that will change the behavior of some of these corporate criminals.

Backroom Bear Stearns Deal Exposed

To me, it seems there is much too much collusion between the Fed and the private industry they are supposed to be supervising. I never see mention of the fact that JP Morgan Chase CEO Jamie Dimon holds a seat on the Federal Reserve Bank of New York's board. If this isn't a severe conflict of interest, especially when this is the organization that is deciding if your company can purchase another company for pennies on the dollar, I don't know what is.