Thursday, May 23, 2013. Last Update: Wed 6:05 PM EST

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Credit Default Swaps

Bloomberg on How a European AIG Would Hit the U.S.

Big U.S. banks are upping their exposure to Europe by selling credit-default swaps

Bloomberg News has an important report on how sovereign defaults in Europe could infect the U.S. banking system via ye... More

Goldman Exec’s “Rough Language” on Manipulating the Market

Senator Carl Levin released emails yesterday showing a Goldman Sachs executive exhorting his traders to engineer a short-squeeze The Wall... More

The WSJ’s Peculiar Reporting On GM Credit

GM debt has been through a lot of late. In May 2009, car czar Steve Rattner made a bold and... More

Wall Street Running Out the Clock on Crash Charges (UPDATED)

Prosecutors finally focus on CDOs as the statute of limitations is running out

The housing bubble popped five years ago. The securitization market went haywire four years ago, shortly after the derivatives market... More

The New York Times told me to take this down

“If you wouldn’t mind using another publication to advertise your infringement tool, we’d appreciate it”

In AP, Rosen investigations, government makes criminals of reporters

“[A]s flagrant an assault on civil liberties as anything done by George W. Bush’s administration”

Jay Carney press briefing blues

“Reporters are increasingly skeptical about Carney’s demeanor and the veracity of some answers”

Jaron Lanier wants to build a new middle class on micropayments

A future where writers can gain wealth through a “freelance economy”

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