CME signs 5 funds to clearing ventureSource: Crain's Business - Chicago
CME Group Inc. has won the backing of five new large asset management firms in a bid to establish itself as a central clearinghouse for the $27-trillion credit default swaps business.
Taylor Spears Recommends!: Sept. - Summer's Almost Over :'(Source: taylorspearsrecommends.blogspot.com
Summer's Almost Over :'( and so it's time to slow down a bit. This month TaylorSpearsRecommends brings you the best of the best Jazz and Smooth Jazz CD recommendations to help you ease your way into Fall, the inevitable Winter and the need to turn your clock back.
How Long Has This Been Going On?Source: thestranger.com
Much has been said about the death of the album at the hands of the MP3. Certainly, pop music's center is no longer the album but the freestanding song, however many good or great albums may be released now or in the future.
The business of selling used MP3sSource: sfweekly.com
A new crop of consumer-facing music stores is focused on helping fans resell "used" digital music the way they do CDs. But the big conundrum with digital music is that there's no way to prove sellers legally own the songs on their computers.
Back to Business - Banks Dig In to Resist New Limits on Derivatives Source: The New York Times
The nine biggest participants in the derivatives market — including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America — created a lobbying organization, the CDS Dealers Consortium, on Nov. 13, a month after five of its members accepted federal bailout money.
Just recently I saw an animated movie, I think it was "Monsters vs. Aliens." Pretty good movie I think. In fact, it helped me make my day. But later I started thinking about how I saw this movie. It was copied.
AIG Is Driving GM Into BankruptcySource: businessinsider.com
Because many of the same bondholders presumably own credit default swaps on GM debt with AIG. And the US government has already made clear that it will cover those CDS's at 100 cents on the dollar.
Prepackaged bankruptcy could trigger GM CDSSource: Reuters
NEW YORK (Reuters) - Around $4 billion in payments on credit default swaps protecting General Motors Corp may need to be made if the automaker enters into a prepackaged bankruptcy, though any payments are unlikely to cause widespread losses, Bank of America said on Friday.
The Emerging Scandal Of The Banking BailoutSource: The Nation
Why was someone as compromised as Lawrence Summers made the White House's point man overseeing $2.86 trillion in bailout funds to the financial moguls whom he had enabled in creating this mess and many of whom had benefited him financially? Will no congressional panel ever quiz …
Financial weapons of mass destruction was coined by Warren Buffet to describe the $60 trillion Credit Default Swap market and their effect on our economy.
The Dirty Secret of the A.I.G. BailoutSource: pdsimic.blogspot.com
It is not secret that much of the taxpayer billions was spent on unwinding bunch of CDS contracts that AIG had with Goldman S. and other Wall St players.
U2: Worst to Best Source: IGN
U2's twelfth studio album, No Line On The Horizon, officially drops today. Is it groundbreaking? Have they reinvented themselves yet again?
A Lethal EquationSource: Wired News
Recipe for Disaster: The Formula That Killed Wall Street
At the heart of it all was Li's formula. When you talk to market participants, they use words like beautiful, simple, and, most commonly, tractable.
Valentines CD's & Downloads for every loved one!Source: Taylor Spears Recommends
This month, Taylor Spears Recommends publishes the "Valentine Top 10 Recommended CD's and Downloads" on this blog. Whether you are looking for a gift for your loved one or for music to set the mood, this blog has great recommendations.
Valentines Music Downloads for all your special someones!Source: ThisNext.com
Featuring recommendations of great music for Valentines gifts, or setting the mood. Music by Matthew Montfort, Tiffany Giardina, Bobby Valentino, and more; for fans of World Music, Pop, R&B;, Soul, Pop, fans - and more...this list has some great recommendations each month.
Best Investments in a Depression Source:
A financial apocalypse descends on the US and the world. Stock Market returns are terrible. Treasury Bills have a negative return. CD rates are falling.
Apple Drops Anticopying Measures in iTunesSource: The New York Times
In moves that will help shape the online future of the music business, Apple said Tuesday that it would remove anticopying restrictions on all of the songs in its popular iTunes Store and allow record companies to set a range of prices for them.
Digital Sales Surpass CDs at Atlantic Source: The New York Times
As a sign of changing times in the intertainment industry, electronic sales have surpassed CD sales for the first time -- at least at Atlantic, a division of the Warner music biz. No other record label has reported the same phenomenon, but it is probably only a matter of time.