Jesse's Café Américain

"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11

Showing posts with label Proprietary Trading. Show all posts
Showing posts with label Proprietary Trading. Show all posts
10 May 2010

Trading in Hubris: Pride, Overreach, and the Inevitable Blowback and Consequences

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"We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prospe...
17 February 2010

Risk? What Risk? We Don't See No Stinkin' Risk..

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"It is the absolute right of the state to supervise the formation of public opinion." Paul Joseph Goebbels As measured by the VIX ...
04 February 2010

Proprietary Trading and Credit Default Swaps - Mission (Not) Accomplished

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Here's why the Volcker Rule ran into a brick wall of Senatorial gravitas and pusillanimous punditry. Give up prop trading AND banking st...
21 January 2010

Obama Proposes to Restrain the Banks from Speculation

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A good first move, but almost a year late. It still remains to be seen if it can pass with any teeth in it through a deeply conflicted and c...
18 December 2009

Gold Hit With a Bear Raid Yesterday - Memories of Citi's Eurobond Price Manipulation

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If the longs had been exiting the market, the open interest would have declined more significantly. These big plunges in price look to b...
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