Wall Street has not really learned a lot from the situation. There is still too much leverage in the market, and credit default swaps remain completely unregulated. Even with regulators and in the companies little has been done after ... Publisher - Credit Writedowns Creator - Edward Harrison Date - Wed, 24 Mar 2010 10:56:50 GMT

Chain of Blame: How Wall Street Caused the Mortgage and Credit ...

It is the private ,profit maximizing commercial banking system that supplies the loans that enable operators like Mozilo to leverage their debt position in the financial markets and create bubbles.These bubbles are then pumped up and inflated by ..... Regulators didn't get involved; Wall Street firms ignored the volatile nature of subprime loans in a desire to realize enormous profits; banks bought into the profitable business. Anyway, if the reader wants a well written , ... Publisher - raestate Creator - admin Date - Sat, 04 Sep 2010 17:16:53 GMT

How Obama Got Rolled by Wall Street - Care2 News Network

Together with Federal Reserve chairman Ben Bernanke, he had kept Wall Street afloat on a trillion-dollar tide of taxpayer money. But the banks were barely lending, and the economy was still mired in high unemployment. ... influence the vast set of rules on capital, leverage, and other financial issues that would be written by regulators. Led by Summers and Geithner, Obama's economic team resisted almost every structural change to Wall Street - in particular, ... Publisher - Care2 News Network Creator - Kit B. Date - Tue, 31 Aug 2010 01:29:02 GMT

Carl Icahn with Financial Markets Lecture | Online Project ...

Cut it short–went down to Wall Street and worked with Jack Dreyfus and then I was playing the market in 1961. That shows how old I am. And in a bull market you make a great deal of money by doing leverage. It's a little bit like today with .... the depth of it, but our banks, because they wanted to make more and more money–and our investment bank, Wall Street–kept issuing different paper against mortgages so it made it simple to give a mortgage. These mortgages were given ... Publisher - Online Project Management Software - xProject Creator - admin Date - Sun, 05 Sep 2010 06:35:24 GMT

#17. Elements of Old Age Capitalism | Who's Afraid of Social ...

Borrowing—politely called leverage—is getting out of hand. And futures enable people to play the market without owning a share of stock. The result: the system is tilting from investment to speculation.” The banking system responded: “ Barred by law from underwriting mutual funds or commercial paper, the big banks have been retaliating against Wall Street's incursions by offering corporate clients liquidity in the form of commitments—to make loans, to buy or sell foreign ... Publisher - Who's Afraid of Social Democracy? Creator - admin Date - Sat, 04 Sep 2010 20:14:57 GMT

Starving the SEC Won't Fix Wall Street « SpeakEasy

Like bloated banks, Ezrak says, bloated regulators are just getting bigger, even after Congress passed its Wall Street overhaul. It's not a good argument. Ezra is unquestionably correct to note that the SEC failed miserably during the ... That means breaking up the big banks, enacting hard, Congressionally-binding caps on leverage and creating strong barriers against the types of financial business that different firms can engage in (Glass-Steagall, or something like it). ... Publisher - AlterNet Blogs Master Site Feed Posts Creator - Zach Carter Date - Tue, 31 Aug 2010 09:44:08 GMT

Running 'Cause I Can't Fly: Paul B. Farrell, “Wall Street Psychos”

But sadly for America, Goldman's disease is rapidly becoming a pandemic spreading beyond Wall Street's “too-greedy-to-fail” banks, infecting our economy, markets and government, as it metastasizes globally. What are the symptoms of this .... He blames 'poor risk management, excessive leverage and too much liquidity for too long. But even if they tie bonuses to long-term performance, that won't prevent the next collapse.' Why? They'll find new ways to break the moral code. ... Publisher - Running 'Cause I Can't Fly Creator - CoyotePrime Date - Thu, 02 Sep 2010 12:58:00 GMT

Sex Discrimination on Wall Street :: New York Employment Lawyer Blog

The discrepancy is particularly pronounced at brokerages, investment banks and asset management companies. Ironically, while Wall Street has become more and more of a boys club, the number of sex discrimination and sex harassment charges has dropped. ... Sex discrimination on Wall Street is on the rise. Wall... September 1, 2010 12:00 AM When Bonus Payments are Protected by the NY Labor CodeIn executive compensation disputes, an executive can gain substantial leverage. ... Publisher - New York Employment Lawyer Blog Creator - unknown Date - Fri, 03 Sep 2010 13:16:16 GMT

Government Policy Caused America's Unemployment Crisis | Hot to Spot

Instead, they are giving chips to the 800-pound gorillas at the poker table, such as Wall Street investment banks. Indeed, a good chunk of the money used by surviving mammoth players to buy the failing behemoths actually comes from the Fed… ... Note for followers of Austrian economic theory: I have repeatedly railed against the government artificially propping up asset prices and leverage, so that malinvestments can't be cleared, and we have a stagnant, zombie economy ... Publisher - Hot to Spot Creator - admin Date - Sat, 04 Sep 2010 21:00:07 GMT

Alfred Woody Wang's Kewl Blog [ 椼仁 ]: Government Economic ...

The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members ... And - even now - mainstream economists are STILL willfully ignoring things like massive leverage, hoping that the economy can be pumped back up to super-leveraged house-of-cards levels. As the Wall Street Journal article notes: ... Publisher - Alfred Woody Wang's Kewl Blog [ 椼仁 ] Creator - Alfred Woody Wang Date - Sat, 04 Sep 2010 07:55:00 GMT