Tag Archives: volcker rule

kick sand in their faces

Synthetic credit. Trading a black box. Small is beautiful? Hardly when it comes to banking. In light of JP Morgan’s announced “surprise $2Billion profit bust; soaked and also synthetic red ink, people are naturally worried about contagion and another bank … Continue reading

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business is business: 20% solution

Balzac: Behind every great fortune is a great crime….Cornel West? No. Noam Chomsky? no. Slavoj Zizek? no. The single academic who has done the most to influence¬† the nascent movement of Occupy Wall Street¬† is someone almost completely under the … Continue reading

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