London and Wall Street in a dangerous competition to create a more unregulated environment for finance
Posts tagged ‘derivatives’
Quadrillion Dollar Derivatives Market 20 Times Global GDP
by n0madic, posted on Tuesday, September 25th, 2012 at 10:36 amMarkus Stanley (Policy Director, Americans for Financial Reform): Derivative bets not a zero sum game, have far reaching real world consequences
QE3 Another Fed Give Away to the Banks
by n0madic, posted on Sunday, September 23rd, 2012 at 11:04 amMichael Hudson (Department of Economics, University of Missouri, Kansas City, and author of The Bubble and Beyond): Shoveling money to the banks not meant to create jobs, it’s a way to give banks even more speculative capital and prepare them for another meltdown.