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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