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omission Topic in The Credit Debacle Catalog

central omission (1).

Jesse's Café Américain Thu 2009-11-19 10:48 EST

Tavakoli on Goldman's Lies of Omission

Jesse

Janet Tavakoli asks, Did Goldman Lie? One is tempted to ask, 'were their lips moving?' But why the bluff? Why did Goldman have to pretend it was not concerned at all about AIG, even as the phone records show they were involved in intense and continuing discussions at the highest levels in the bailouts, with a unique and privileged presence in discussions with the government and the Fed in which their own man was the Chairman of the NY Fed. And as someone asked, Why pick on Goldman? Well, they seem to be at the center of everything.

Goldman's Lies; Jesse's Café Américain; omission; Tavakoli.

Satyajit Das's Blog - Fear & Loathing in Financial Products Fri 2009-10-23 09:44 EDT

OTC Derivative Regulation Proposals ? Neat, Plausible and Wrong!

Satyajit Das

Proposals for over-the-counter (OTC) derivative regulations are consistent with H. L. Mencken?s proposition that: "there is always a well-known solution to every human problem--neat, plausible, and wrong." A central omission is the speculative use of derivatives. Industry lobbyists focus on the use of derivatives to hedge and manage risk promoting investment and capital formation. While derivatives can play this role, the primary use of derivatives now is manufacturing risk and creating leverage.

fears; financial products; loath; neat; OTC Derivative Regulation Proposals; plausible; Satyajit Das's Blog; wrong.

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