Britain eats (leverages) its young

November 22, 2011

James Saft is a Reuters columnist. The opinions expressed are his own.

Four years, several failed banks and at least one global recession later, Britain has finally discovered what its young people need: 19-1 leverage.

Save capitalism from the banks – Nassim Taleb

January 30, 2009

Black Swan

Nassim Nicholas Taleb,  the author of  “The Black Swan: The Impact of the Highly Improbable”, has a simple proposal to as he puts it, “save capitalism and free markets from the banks.”

Shocker – Davosians vote against more regulation

January 28, 2009

Duncan Niederauer, chief exec of NYSE Euronext, told a panel here at Davos that rather than inventing a whole host of new regulations, we’d be better off focusing on existing means of bringing order to markets, specifically taking a page from the exchanges books by having central clearing and more price transparancy for derivatives and off-exchange structured products. I think he’s actually got a great point about clearing and better price information, but I can’t see this as being anywhere near bringing regulation up to scratch.

Stephen Schwarzman’s hair of the dog

January 28, 2009

jimsaftcolumnSo what is Blackstone Group chairman Stephen Schwarzman’s prescription for solving the banking crisis?