…to do something deeply unpopular: bail out the financial system via the Troubled Assets Relief Program. These leaders understood the consequence of inaction was economic devastation for Americans. Passing TARP…

…two weeks worth of recent trading profits.” Goldman’s Bailout Fee, Wall St. Journal, July 17-18, 2010, at A12. Too little, methinks, even with the concession not to seek a tax…

…they adopt the Senate version (which covers 90% of derivatives according to the CFTC) or the House version which is riddled with loopholes and covers only 60% of derivatives trading?…

…local governments trying to hedge risk. They were a total flop with trading volume around zero. They are the exception that proves the rule. Given the stated purpose and justification…

…disputes on regulating over-the-counter derivatives; curbing risky trading by banks; and the power of state authorities. There will need to be resolution on these topics before the Senate can approve…

…effect of today’s equity market gyrations is further distrust in the markets, particularly by retail buyers. I am told that various retail trading platforms were simply not operating during the…

…economy. This is not a joke. First assume that the CDS market is transparent with full disclosure and mandatory trading on exchanges. We learn a lot if an investment bank…

…been deploying for years and posting record new trading revenues— On the other side of humanity, more sobering numbers include a record 2.8 million properties in foreclosure for 2009, a…

…Greece. Stuck in the euro, its exchange rate with its main trading partners is fixed. Greece cannot devalue, so it needs more time to adjust than the three years it…

…to Save the World” were more interested in saving the first-world banks who were exposed than caring about the local citizens who were scorched by harsh austerity programs. Same old,…