Monthly Archives: May 2012

Was there an Obama Spending Binge?

First of all let me premise this post by saying that I am going to focus on accounting and performance measurement, an area of my expertise, and not about politics (an area where I don’t have much expertise).  Rex Nutting

Was there an Obama Spending Binge?

First of all let me premise this post by saying that I am going to focus on accounting and performance measurement, an area of my expertise, and not about politics (an area where I don’t have much expertise).  Rex Nutting

JPMorgan’s hedge was no hedge

Francine McKenna wrote a thought-provoking column last week explaining what happened at JPMorgan Chase.  Her blog explains more. Francine points out that the JPMorgan Chase transactions were not accounted for as a “hedge” in JPMorgan’s financial statements.  This means one

JPMorgan’s hedge was no hedge

Francine McKenna wrote a thought-provoking column last week explaining what happened at JPMorgan Chase.  Her blog explains more. Francine points out that the JPMorgan Chase transactions were not accounted for as a “hedge” in JPMorgan’s financial statements.  This means one

Heads I win, tails you lose TWO BILLION DOLLARS

JP Morgan Chase’s $2 billion foul-up sheds interesting light on Wall Street’s derivative problems – and opinions on the matter seem split. Sartre over at the Daily Business Report says that – prepare yourself – this is a taste of

Heads I win, tails you lose TWO BILLION DOLLARS

JP Morgan Chase’s $2 billion foul-up sheds interesting light on Wall Street’s derivative problems – and opinions on the matter seem split. Sartre over at the Daily Business Report says that – prepare yourself – this is a taste of

Definitely “too big to fail”

Mark B. sent me a terrifying  infographic describing 9 banks’ derivative exposure: http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html The graphic starts with a single $100 bill: Then the graphic visually describes the amount of cash necessary to cover different banks’ hedges: I cut off the

Definitely “too big to fail”

Mark B. sent me a terrifying  infographic describing 9 banks’ derivative exposure: http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html The graphic starts with a single $100 bill: Then the graphic visually describes the amount of cash necessary to cover different banks’ hedges: I cut off the