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Satyajit Das: Can democracy and our social system survive the end of trust?

June 16th, 2012 Satyajit Das, derivatives expert and the author of Extreme Money: The Masters of the Universe and the Cult of Risk, believes that trust has been one of the main casualties of the global financial crisis. In a speech titled ‘The End of Trust’, given at the Sydney Writers’ Festival last month, Das posed the question […]

June 16th, 2012 | Posted in Blog | Read More »

The Worst Bank in the World? HBOS’s Calamitous Seven Year Life

Editorial note: June 22nd, 2012 A revised and updated version of this blog is now available via the following link:- The Worst Bank in the World? HBOS’s Calamitous Seven Year Life

May 13th, 2012 | Posted in Blog | Read More »

Exchanges circle wagons as high frequency traders risk emasculation

By Ian Fraser Published: QFINANCE Date: April 16th, 2012 High-speed traders use powerful computers to identify orders as they emerge and instantly trade ahead of them, hoping to earn a small crust on each trade. They use complex algorithms to churn out thousands of trades, and to lesser extent orders, on multiple markets in fractions […]

April 16th, 2012 | Posted in Article Library,Blog | Read More »

‘Am I Client or Am I Muppet?’ Goldman Sachs customers ponder their status, in song

March 26th, 2012 Two Goldman Sachs “clients” — Sally and Helmut — wonder whether they are clients or muppets in the wake of Greg Smith’s devastating “Why I Am Leaving Goldman Sachs” Op-Ed  published in the New York Times on March 14th. In his resignation letter, South African-born Smith, who ran the investment bank’s equity derivatives […]

March 26th, 2012 | Posted in Blog | Read More »

Thousands launch £3 billion legal action against Fred Goodwin

By Ian Fraser Published: The Herald Date: March 12th, 2012 Unedited version of article published earlier today in The Herald WARNINGS of legal action will be delivered today to former Royal Bank of Scotland chief executive Fred Goodwin and his ex-boardroom colleagues over allegations that they misled shareholders into investing £12 billion in the bank shortly before […]

March 12th, 2012 | Posted in Article Library | Read More »

MF Global collapse prompts regulatory rethink in Washington

By Ian Fraser Published: QFINANCE Date: February 8th, 2012 A commissioner at a leading US financial regulator has launched a stinging attack on his own organization, accusing it of having its priorities all wrong. Scott O’Malia accused the Washington-based Commodities Futures Trading Commission, an agency of the US Federal government, of becoming so bogged down in […]

February 8th, 2012 | Posted in Article Library,Blog | Read More »

The financial system has become a farce

January 12th, 2012 By Eric Sprott and David Baker 2011 was a merry-go-round of more bailouts, more deferrals and more denial. Everyone is tired of the Eurozone. It’s not fixable. There’s too much debt. The politicians don’t know what’s going on. Nothing has structurally changed. We’re still on the wrong path. There’s more global debt than […]

January 12th, 2012 | Posted in Blog | Read More »

Looks like Fred Goodwin may face criminal charges after all

December 14th, 2011 An edited version of this blog post is available at Huffington Post UK The FSA spent an estimated £10m on its report into the failure of RBS, including £7.7m paid to ‘Big Four’ accountants PWC. But the Canary Wharf-based regulator has lived up to its name (the Fundamentally Supine Authority) and concluded […]

December 14th, 2011 | Posted in Blog | Read More »

How US Treasury Secretary Hank Paulson tipped off hedgie chums about Fannie bailout

November 28th, 2011 In the above clip, William D Cohan talks about how US Treasury Secretary Henry Paulson tipped off hedge fund managers and other Wall Street executives about Washington’s plan to put Fannie May and Freddie Mac into “conservatorship”, a move that would wipe out common shareholders in the GSEs. According to an in-depth […]

November 29th, 2011 | Posted in Blog | Read More »

The real reason banks are so desperate for the ECB to start the printing presses

November 19th, 2011 Ian Fraser’s introduction: This blog was written by Golem XIV, a pseudonym for filmmaker and author David Malone. David’s core argument is that banks, not governments, are to blame for the current eurozone sovereign debt crisis. While there are some serious omissions — the article does not mention the flawed nature of […]

November 19th, 2011 | Posted in Blog | Read More »