It's not my usual thing to report news from other blogs but this entry on Zero Hedge is just incredible. A trader who wishes to remain anonymous has sent them a letter claiming that AIG Financial Products (AIG-FP) built up billions of dollars of exposure to Credit Defaul Swaps (CDS) over the years, as we…
The never-ending UK story about ex-CEO of Royal Bank of Scotland Fred Goodwin's pension rumbles on, with tonight's Evening Standard reporting that Sir Tom McKillop, Chairman of RBS, doubled the pension pot hours before Sir Fred's departure:"Evidence to the Treasury select committee shows a 'compromise agreement' drafted for Sir Fred had assumed he would not…
The never-ending UK story about ex-CEO of Royal Bank of Scotland Fred Goodwin's pension rumbles on, with tonight's Evening Standard reporting that Sir Tom McKillop, Chairman of RBS, doubled the pension pot hours before Sir Fred's departure:"Evidence to the Treasury select committee shows a 'compromise agreement' drafted for Sir Fred had assumed he would not…
Interesting clip on YouTube posted this week, which dramatises the moment Alexander Hamilton proposed the First Bank of the United States. I particularly liked the line from Thomas Jefferson: "I fear our revolution will have been in vain if a Virginia farmer is to be held in hock to a New York stock jobber who, in…
Interesting clip on YouTube posted this week, which dramatises the moment Alexander Hamilton proposed the First Bank of the United States. I particularly liked the line from Thomas Jefferson: "I fear our revolution will have been in vain if a Virginia farmer is to be held in hock to a New York stock jobber who, in…
Interesting clip on YouTube posted this week, which dramatises the moment Alexander Hamilton proposed the First Bank of the United States. I particularly liked the line from Thomas Jefferson: "I fear our revolution will have been in vain if a Virginia farmer is to be held in hock to a New York stock jobber who, in…
Tracy Bramlet blogs over at Finextra about this item from MSNBC: This is building inflammation on top of inflammation, after seeing the anger over AIG stirred into real anger with this diatribe. I predict a riot. Here's the transcript if you'd rather read it than view it: Wall Street treated the bailout bill like a…
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