Jesse's Café Américain

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994

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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