derivatives
Orange smoke monster John Boehner tells CNN this: “BOEHNER: Wolf, you have to understand, there was no deregulation of anything in the financial services industries. As a matter of fact, there was an increase in regulation.” Then! “What happened in all of this is that some people got creative in terms of how they could [...]
All it took was for the National Outrage to direct itself at derivatives traders at the World’s Worst Company receiving bonuses, and now Rick Santelli is finally saying: Whoa… hey… let’s cool it down, right? Besides, this outrage over $165 million doesn’t exist in a vacuum. People want government policy towards AIG (“give them the [...]
Here’s Massachusetts Congressman Michael Capuano yelling at today’s Capitol Hill hearing with eight big bank CEOs, who demanded that Congress give them a second set of keys to the U.S. Mint (just to make it more convenient during the all-nighter printings, right?) He asks if their companies invest in credit default swaps (“hell fuckin’ yeah”), [...]
