Word: exchangees
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Two weeks ago, it was the Flub Heard ’Round The World. Today, President Barack Obama’s forgettable and fumbled exchange with Chief Justice John G. Roberts Jr. ’76 has been relegated to a historical footnote and their subsequent reenactment assigned to the...
On the second-to-last trading day for the February 2009 contract at the New York Mercantile Exchange (NYMEX), oil settled with over a $22 spread between the February 2009 and February 2010 contracts. In other words, if a company bought oil on the February 2009 contract, stored it for...
The current furor recalls earlier parliamentary scandals. In 1994 the Conservative party was rocked by another Sunday Times exclusive, alleging that two parliamentarians had accepted bribes in exchange for asking parliamentary questions. In 2006, the Labour party was embroiled in an investigation into accusations of peerages being dangled in front...
The Lords-for-hire allegations came after journalists, posing as lobbyists representing a fictional Asian firm that was setting up a chain of shops in the U.K., approached 10 Lords for help amending business-rates legislation. Three Conservative peers, a Liberal Democrat, an Ulster Unionist and a Labour peer ignored...
Regulators have long had a lower capital requirement on loans that are not backed by deposits. But in 2004, the Securities and Exchange Commission (SEC) removed rules that capped leverage at 15 to 1 for investment-banking firms like Goldman Sachs. That allowed the firms to vastly expand their lending...