Jesse's Café Américain

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. For the traitor appears not a traitor; he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” Marcus Tullius Cicero

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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