Tuesday, April 27, 2010
Saturday, April 24, 2010
Friday, April 23, 2010
CNBC IS financial "Wrestle-Mania."
Obama says he first found out about the SEC case on CNBC. Scarey!
Thursday, April 22, 2010
Wednesday, April 21, 2010
Derivatives
1. Is an instrument where price depends upon another product. -
2. Must have a counter-party.
3. Allow business to plan around costs and revenues.
4. Can create more or less volatility.
5. Problems have been created because of leverage, creating financial weapons of mass destruction.but tail can wag the dog.
6. Transparency and complexity
7. There is a lot of hostility against Wall Street and deservedly so. But we want to make sure that the new regulations actually do something today and not shut down legitimate ways to mitigate risk.
2. Must have a counter-party.
3. Allow business to plan around costs and revenues.
4. Can create more or less volatility.
5. Problems have been created because of leverage, creating financial weapons of mass destruction.but tail can wag the dog.
6. Transparency and complexity
7. There is a lot of hostility against Wall Street and deservedly so. But we want to make sure that the new regulations actually do something today and not shut down legitimate ways to mitigate risk.
Finra
Regulators decide specifically what is going to be said and specifically what securities will be bought and sold. Do they have to be licensed?
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