Why Bank Derivative Trades Aren't So Risky Warren Buffett famously referred to derivatives as "financial weapons of mass destruction," but unless we accept that residential mortgages are too - because enough banks have almost gone bust dealing in those seemingly harmless beasts - the phrase glorifies derivatives into something they are not.
June 13, 2013 - CNBC
Judge Rejects MBIA's Lawsuit Against PE Executive Lynn Tilton A federal judge has rejected a breach of contract lawsuit against private-equity executive Lynn Tilton, rejecting MBIA?s claims that Tilton reneged on an agreement designed to prop up failing derivative securities it had insured.
June 11, 2013 - Forbes
Cirrus Logic Future Tied To Apple Misfortunes You?ll often hear about ?derivative? trades or alternative ways that traders are taking advantage of a hot sector or new technology without investing directly in the business itself, which might be overbought or played out.
June 10, 2013 - Forbes
Barack Obama in New York Times Under these circumstances, it's hard to understand how derivative traders at AIG warranted any bonuses at all, much less $165 million in extra pay,Mr. Obama said. "How do they justify this outrage to the taxpayers who are keeping the...