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Tag Archives: Goldman Sachs

PBS Frontline: Six Billion Dollar Bet Regulation,Video

Frontline MF Global

From PBS Frontline: Jon Corzine, former head of Goldman Sachs and political power broker, took over MF Global in the spring of 2010 with oversize ambition and a passion for risk. But after a massive bet on European debt turned sour, the firm lay in ruins, with more than a billion dollars of customer funds missing. Six Billion Dollar Bet, our latest addition to Money, Power and Wall Street, examines how Corzine’s traders went around MF Global’s risk officers and how he swayed regulators in Washington to allow risky practices to continue.

Five Minutes with Jeffrey M. Christian (April 2012) Interview,Metals

Jeffrey M. Christian

Also see: Five Minutes with Jeffrey M. Christian (October 2012) Jeffrey Christian is the managing director and founder of CPM Group, a precious metals and commodities markets analysis firm formed through a management buyout of the Commodities Research Group at Goldman Sachs. Christian spoke last week at the Initiatives in Art and Culture gold conference in New York, and talked to editor/producer Nicole V. Rohr about the myths of gold, buying gold puts and the coming gold supply growth. Q: What do you mean when you say that gold suffuses myths, and how has CPM Group helped debunk those myths?…

JLN Managed Futures: Boca 2012; MF Global Clients’ Details Published Blog,Managed Futures,Newsletter

Observations – Statistics – Commentary The JLN Managed Futures team is in Boca Raton, FL this week for the FIA International Futures Industry Conference. As expected, there were three key topics that consumed a majority of conversation, from panels to “table talk”: The retirement of John Damgard after 30 years as president of the FIA. He has been a tireless promoter of the futures industry whose presence will be sorely missed. John turns the reins over to former CFTC chairman Walt Lukken, who brings his decades of industry and regulatory experience at this critical time for the futures industry. The…

Your Secret is Safe… Or Is It? Commentary,Financials,Regulation

Jon Matte

The foundation of any market-based economy is the rule of law and the respect for property rights. When these rights are allowed to be ignored or arbitrarily rescinded, capital formation is on shaky ground. Just as a nation’s currency is built on the full faith and credit of the nation and its central bank, its economy is built on the full faith of its legal system. It against this backdrop that I read the story of Sergey Aleynikov, the former Goldman Sachs programmer convicted in 2009 of stealing the source code behind its high-frequency trading algorithms just as he left…

Republicans Will Rule in House and Senate, But Have Trouble Revising Dodd-Frank, Says John Damgard Blog,Regulation

United States Capitol

In what he said was his last speech as president of the Futures Industry Association, John Damgard was optimistic that Republicans would dominate both the Senate and the House in the next election, but not that they would be able to undo any of the provisions of the Dodd-Frank legislation to which they object. Damgard told the Union League Club of Chicago that he expects the House to remain Republican and even gain a few more seats, and that the Senate will likely pick up four to six Republican seats.  “The recent redistricting has guaranteed Republicans control of the House for the next 10 years,”…

MF Global News (12/15/11 AM) Blog,Regulation

The latest news on the MF Global bankruptcy and fallout, published in the John Lothian Newsletter (subscribe here) the morning of December 15, 2011. In the wake of the MF Global bankruptcy, John Lothian Newsletter has created a special section on JohnLothianNewsletter.com devoted to news, information and commentary. The section features archived news stories featured in the John Lothian Newsletter, analysis and breaking news. Check regularly for updates. See the MF Global news section here. For more on the U.S. Senate Committee on Agriculture’s MF Global investigation testimony, click here.