The Congressionally appointed Financial Crisis Inquiry Commission exploring the 2008 crash questioned executives from Goldman Sachs, the world’s most profitable bank, about how much it makes trading derivatives — those complex financial bets that helped bring down the economy. Goldman Chief Financial Officer David Viniar said they had no way of determining its derivatives data […]
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Tagged 2008 Crash, BU SMG, Congress, David Viniar, derivatives, economic downturn, FCIC, Federal Reserve, Federal Reserve Bank Examiner, Financial Crisis Inquiry Commission, Goldman Chief Financial Officer, Goldman Sachs, Lehman Brothers, Mark Williams, School of Management, Uncontrolled Risk, US Congress
The Congressional Oversight Panel says in a scathing report that the government failed to exhaust all options before bailing out the insurance giant American International Group — although the rescue did help the financial system avert collapse. Nonetheless, the watchdog panel says taxpayers may never be paid back all of the $182 billion funneled to support AIG. […]
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Tagged AIG, American International Group, BU School of Management, Congressional Oversight Panel, economic collapse, federal bailout, Federal Reserve Bank, financial system, Lehman Brothers, Lehman Brothers fall, Mark Williams, Uncontrolled Risk
Capitol Hill negotiators from the House and Senate committees dealing with financial regulatory reform are getting down to the details of working out differences between the bills passed in respective chambers, with Democrats holding the majority votes in both. Former Federal Reserve Bank examiner Mark Williams, who teaches finance in the School of Management and […]
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Tagged Barney Frank, Chrisopher Dodd, Congress, FDIC, Federal Reserve, financial regulatory reform, House of Representatives, Lehman Brothers, Mark Williams, School of Management, Senate, Treasury Department, Uncontrolled Risk
The most extensive overhaul of financial regulations since the 1930s has cleared its big hurdle in the U.S. Senate and how can head to President Obama for a signature after a conference committee works out remaining differences between the House and Senate versions. But former Federal Reserve Bank examiner Mark Williams, who teaches finance in the School of […]
Because no one followed suit, Germany’s unlateral ban on “naked” short selling of European government bonds – speculative bets that prices will fall on borrowed assets which then can be sold back to the lender with the speculator pocketing the difference —rocked global markets. Mark Williams, who teaches finance at the BU School of Management and is […]
