Posts with tag credit default swaps

Is it possible that the biggest institutions on Wall Street shorted the U.S. housing market, causing it and the global economy to melt down in orders of magnitude larger than what could have been? It appears to be so.... A magnetar, by definition, sucks everything in and spits even more out. The Chicago-based hedge fund... Continue Reading »

We're good guys, really! Goldman Sachs, the publicly vilified former investment bank famously nicknamed a "great vampire squid wrapped around the face of humanity" by Rolling Stone's Matt Taibbi for the way its seemingly wraps its tentacles around every far flung money-making opportunity, issued a defense in its annual... Continue Reading »