GTim on Michael Masters Testimony on Derivatives/Commodities Markets
Bob P on Governments do not always feel able to tell people the whole truth
Kim Appapillai on Michael Masters Testimony on Derivatives/Commodities Markets
Mitch on Richard Bove : Driving the Financial System to Collapse???
mano on Senate Bill Would Regulate OTC Derivatives and Credit Default SwapsChairman Chris Cox is far too late in discovering, managing and regulating this market; a very costly mistake for the financial markets and the world:
October 19, 2008
OP-ED CONTRIBUTOR
Swapping Secrecy for Transparency
By CHRISTOPHER COX
Washington
THE historic volatility in the financial markets has raised important questions about the lack of meaningful regulation of financial instruments known as credit-default swaps. The $85 [...]
Tags: cox·credit default swap
Much criticism has been aimed at Secretary of the Treasury Hank Paulson, Federal Reserve Chairman Ben Bernanke and SEC Chairman Christopher Cox for their swift action over the weekend of March 15-16 on Bear Stearns & Co. It is illuminating to read Cox’s letter to the Basel Committee on Banking Supervision(March 20, 2008) and the testimony [...]
Tags: Bear Stearns·bernanke·cox·paulson