Igor Sechin says that any decision to take TNK-BP’s license for Kovytka would be “fair.” “‘There’s no talk of any blatant expropriation. I think we will find a solution to this issue,’” Deputy Prime Minister Igor Sechin told reporters.”
Yes, I am...
Posted to
Economics
on 03-12-2010
Filed under: Politics, Economics, Financial crisis, Russia
Gary “Jeremiah” Gensler continued his assault against CDS, this time from deep in enemy territory, at Markit’s Outlook for OTC Derivatives Markets Conference. If it were up to Gensler, the OTC Outlook would be terminal.
In the speech, Gensler repeats several of his constant themes,...
Posted to
Economics
on 03-11-2010
Filed under: Politics, Economics, Commodities, Derivatives
Greece desperately needs people to buy its bonds. So what does it do? It excludes potential buyers, specifically hedge funds:
Greece ordered its bankers to exclude hedge funds from a bond offering this week in an effort to punish the speculators it blames for destabilising its debt markets.
The decision...
Posted to
Economics
on 03-08-2010
Filed under: Politics, Economics, Financial crisis, Derivatives
I’m just back in Houston from speaking at a conference at the Columbia Law School, titled “The Financial Crisis: Can We Prevent a Recurrence?” It was probably the best conference I have ever attended. It was a gathering of a truly talented group of academics (mainly legal scholars,...
Posted to
Economics
on 03-07-2010
Filed under: Politics, Economics, Financial crisis, Derivatives, Exchanges