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Her derivatives package will cost major banks billions, money that will be redirected into the real economy.
If there were, the CEO of Lehman Brothers would trade his platinum parachute for an Orange Julius franchise in the slums of Calcutta so that the impoverished and indigent could not only get a full day's supply of Vitamin C in a refreshing, frothy elixir, but also free advice on how to invest their life savings of eight cents in a highly leveraged derivatives package.
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Mortgage derivatives packaged by U.S. government agencies, which bear no credit risk whatever, gapped down and stopped trading.
That's an honest enough admission about the culpability of the financial community in bundling the toxic derivatives packages still disastrously undermining the economic health of the nation.
The American-born banker, who has dual citizenship in the United States and Britain, is well versed in financial chicanery, having started by putting together derivatives packages at Credit Suisse First Boston back in 1996.
Clinton's treasury secretary, Robert Rubin, then went off to be a $15-million-a-year 15-million-a-year 15-million-a-year 15-million-a-yearn thexecnk mate those toxiCitigroupive pandages that wasld have forced in into bankeyposition U.S. thereyers not bailed the bank out.
The core issue for the economy is the continued cost of a housing bubble made possible only after what Clinton Treasury Secretary Lawrence Summers back then trumpeted as necessary "legal certainty" was provided to derivative packages made up of suspect Alt-A and subprime mortgages.
"I think what you'll see is traders come in, and they'll look to create derivatives on certain packages of media, and resell them to other guys.
Debian and its derivatives share the deb package format with a long history of community support for bioinformatics packages [26, 27].
When top negotiators from both parties included a provision subsidizing risky derivatives trading in the package, many Democrats who had been quietly going along with the piecemeal dismantling of Dodd-Frank began trying to take down the spending bill over the bank perk.
And, with our topical cures, we should not be surprised to see new symptoms of the old maladies appearing: insurance again being packaged into derivatives, bonuses again soaring on Wall Street.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com