Unstructured Finance

Outrage isn’t asleep it’s just gone underground

July 20, 2012

By Matthew Goldstein and Jennifer Ablan

Where is the outrage? A year ago, the Occupy Wall Street movement was just getting started, with mass demonstrations across the nation against corporate malfeasance and greed.

UF Weekend Reads

July 7, 2012

It’s Libor all the time, just not for me.

Earlier I blogged about how the Libor scandal just isn’t getting me as worked up as it is for other journalists (see Joe Nocera’s column today in the NYT). It’s not that I don’t think allegations of market manipulation aren’t important. And this is nothing to take away from the groundbreaking reporting by my Reuters colleague Carrick Mollenkamp did on the matter back in 2008 while he was at the WSJ.

Libore? The real scandal is still CDOs

July 5, 2012

By Matthew Goldstein

There is an opaque financial market where pricing is determined by a cadre of Wall Street banks and private emails show that behind the scenesĀ  many in the market don’t even believe in what they are doing.

Counterparty Terror

March 17, 2008

The Bear Stearns bomb has left bank trading floors full of fear. Faced with perceived counterparty risk at every turn, financial trading and interbank lending nearly ground to a halt on Monday.
“There’s turmoil in all markets after Bear Stearns,” said BNP Paribas strategist Edmund Shing. “Everyone’s asking: Who’s next? Is there a Bear Stearns in Europe? Could investment banks start to fail?”