farmer448

Where's the Derivatives Exposure?

I am a bit confused. If a derivative is a form of hedge or insurance, then why is 80% of the insurance written by 5 banks? It would seem to me that this is a heavy concentration of risk that go against the basic business principals of risk.

Banks Try to Block Regulation, Saying It Will Hamper Innovation

Maybe it is time to disallow Corporations, Limited Liability Partnerships, Limited Liability Corporations any of the rights of citizens.

The Hedge Fund of America, LP

How about Paulson, President Bush, Vice President Cheney, and every member of Congress voting for this put all but 2 million of their investments into this fund. I mean this is necessary and these guys were in charge so it is time for them to personally guarentee the deal.

Making Sense of the Brokerage Bust

The only problem with this is the value of money is based on the public confidence. So are we going back to 1800s where each bank had their own currency.