Credit Default Swap News
Why the college basketball scandal won't get fixed until the NCAA pays athletes
It is an extraordinarily sad time in college sports. Ten people were arrested Tuesday and charged with fraud and corruption after a two-year FBI investigation. A Hall of Fame coach was, as the attorney for Louisville's Rick Pitino said, "essentially fired," as was one of the most respected athletic
'This Week' Transcript: Ben Carson and Sen. Bernie Sanders
THIS IS A RUSH TRANSCRIPT. ANNOUNCER: Starting right now on ABC's THIS WEEK, a new frontrunner? He's raised the most money this quarter. He's now in a dead heat with Donald Trump. Will he pull into first? Dr. Ben Carson joins us only on THIS WEEK. Plus the Democrats' big week -- Bernie Sanders and
Financial Education: Why Your Kid Gets an 'F'
It's graduation season. Did your teenager have to take a financial literacy course to don that cap and gown? Probably not. According to the Council for Economic Education, as of 2011, 22 states required high school students to take an economics class --the "supply and demand" type, not the "how to
Biden Likens Republicans to 'Squealing Pigs'
MINNEAPOLIS — Vice President Joe Biden suggested a new image to associate with Republicans who opposed Democratic efforts to toughen regulations on Wall Street, characterizing them as “squealing pigs.” “Over the objections where they sound like squealing pigs, over the objections of Romney and ...
Sen. Sanders: Fund Dental Care With Trading Tax
Everyone agrees that more American kids need dental care. But nobody seems to agree on how to pay for it. A new proposal by Sen. Bernie Sanders, D-Vt., would create a new tax on Wall Street and use the proceeds to extend comprehensive dental coverage...
JPMorgan: What's a Derivative and Why Should You Care?
It’s worth remembering the synthetic derivatives that helped cause the 2007/2008 financial crisis and the massive loss at JPMorgan Chase, are fairly new. There was time when the world worked just fine without them. Ironically the derivatives in the spotlight right now were started by...
Roundtable II: This Week in Politics
We're not there yet it's still too hard for too many. But we're coming back because America's greatness comes from a strong middle class because you don't quit. What does the White House in senator Hillary Rosen say about Enron he explained his wife has actually never worked that in her life. And
JP Morgan Déjà Vu - There You Go Again Wall Street
Ever wonder why getting a $200,000 mortgage in Kansas is so tough? Because that is not where the biggest banks make their big money. Yesterday’s news from JP Morgan Chase of a $2 billion trading loss makes clear how banks – those still too big...
JPMorgan Chase Admits to $2B Loss
A shocking admission from the nation's biggest bank that has jolted stock markets from Wall Street all the way to Tokyo this morning. JPMorgan chase admits that it lost some two billion dollars in one trading portfolio since April 1. All on credit default swaps one of those complex financial