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Warren Buffett defends the use to derivatives at Berkshire Hathaway

Warren can defend these all he wants but he was also the one who coined them as “Weapons of Financial Mass Destruction”.  I am surprised that he has so much exposure ($67 billion) to these products.  I...

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A.I.G. Reports 4Q Loss of $61.7 Billion as U.S. Gives More Bailout Aid

Wow, that just about sums it up.  $61.7 billion loss in a single quarter.  That is some major derivative exposure and losses.  I can’t believe we are actually throwing money at this black-hole of...

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New York’s Attorney General Cuomo Widens His A.I.G. Investigation

Hopefully we will see our justice system starting working soon and many of this actors in this huge fraud put on the the American (and others) people.  I am really surprised we have not seen the...

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Investors show that canned soup is safer than U.S. Bonds

This is quite funny that traders and investors actually prices the risk of the U.S. Treasury defaulting on thier obligations higher than Campbell Soup doing the same.  With the amount of bonds being...

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U.S. bill would restrict over-the-counter (OTC) derivatives with new regulations

This is much needed.  In no way can we have financial instruments that equal ten times the globe’s GDP and not have it under strict regulation.  The reason is because these paper contracts were used to...

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Bernanke Says Fed Would Welcome ‘Full Review’ of AIG Aid by GAO

I applaud this choice but I want to make sure we are clear that there are major questions about giving “back-door bailouts” to Goldman Sachs and a few foreign banks by giving 100 cents on the dollar...

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Greece CDS sellers payout $2.89 billion to settle contracts

Hopefully this will work out in the end and this nation among others will get their budget and entitlements in order.  At the end of the day, you need to have services that match what you can tax from...

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