Diplomacia e Relações Internacionais
Esta matéria deve alegar todos aqueles que cultivam uma visão conspiratória da história, sobretudo a de que o capitalismo global é dominado por um grupo de conspiradores instalado em Wall Street.
Paulo Roberto de Almeida
Secret group keeps grip on trading derivatives
The International Herald Tribune, 15.12.2010
NEW YORK — On the third Wednesday of every month, the nine members of an elite Wall Street society gather in New York.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Drawn from giants like Deutsche Bank, UBS, Credit Suisse and Goldman Sachs, the bankers form a powerful committee that helps oversee trading in derivatives, instruments that, like insurance, are used to hedge risk.
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks.
The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available.
Banks’ influence over this market, and over clearinghouses like the one this select group advises, has costly implications for businesses large and small, like Dan Singer’s home heating-oil company in Westchester County, north of New York City.
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Diplomacia e Relações Internacionais
Capitalismo conspiratorio em Wall Street
Esta matéria deve alegar todos aqueles que cultivam uma visão conspiratória da história, sobretudo a de que o capitalismo global é dominado por um grupo de conspiradores instalado em Wall Street.
Paulo Roberto de Almeida
Secret group keeps grip on trading derivatives
The International Herald Tribune, 15.12.2010
NEW YORK — On the third Wednesday of every month, the nine members of an elite Wall Street society gather in New York.
The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.
Drawn from giants like Deutsche Bank, UBS, Credit Suisse and Goldman Sachs, the bankers form a powerful committee that helps oversee trading in derivatives, instruments that, like insurance, are used to hedge risk.
In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks.
The banks in this group, which is affiliated with a new derivatives clearinghouse, have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available.
Banks’ influence over this market, and over clearinghouses like the one this select group advises, has costly implications for businesses large and small, like Dan Singer’s home heating-oil company in Westchester County, north of New York City.
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- O Estado No Brasil: Sempre O Principal Fora-da-lei - Financial Times
Brazilian Banks Could Owe More Than $140 Billion Financial Times, February 18, 2014 A new report by Brazilian banks suggests a legal battle over the consequences of economic plans launched nearly three decades ago could cost them more than $140 billion,...
- Os Donos Do Dinheiro: Como Quebrar O Mundo, Sem Ter A Intencao De Faze-lo...
Eu li o livro em questão, Lords of Finance, que no Brasil se chamou, creio, Os Donos do Dinheiro... Instrutivo, saber como poucos homens, podem decidir a sorte de milhões de outros, com suas decisões baseadas, por vezes, em sólida economia, muitas...
- A Frase Da Semana: Ludwig Von Mises
True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom...
- Dos Brics Ao Bris?: Ilusoes Anti-hegemonicas (inclusive Do Brasil)
Sem o C, o grupo artificial chamado BRIC, agora BRICS, por injunção do C, justamente, ou seja, da China, perde muito do seu sentido e do seu "poder", seja lá o que representa esse "poder". A China, sozinha, é maior e mais importante do que todos os...
- Crises Financeiras: Preparem-se Para A Proxima...
Pois é, sempre tem aqueles malucos que ficam passeando com os cartazes conhecidos: The End is Near... Neste caso, estamos falando de um insider, ou seja, de um homem do sistema financeiro, que conhece as entranhas do monstro, como diria José Marti....