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  1. Rethinking Occupy Wall Street

    I thought of Alexis Goldstein as just another disgruntled employee from the world of finance, but she's not. She had worked for Morgan Stanley, Deutsche Bank, and elsewhere, and is now a member of the Occupy Wall Street movement. Ms Goldstein shares ...

    - May 15 2012 - 5:45am - 19 comments

  2. Damn, it doesn’t feel good to be a trader

    For decades, traders have been the highest paid dudes on Wall Street. Deep six-figure bonuses were once de rigueur for the mere mortals while the full-fledged masters of the universe easily went on to eclipse their CEOs and rack up eight-figure bonuses as ...

    - Sep 26 2011 - 8:00pm - 30 comments

  3. Volcker Rule Against the Ropes

    I guess it was a just a matter of time (and hundreds of millions of lobbying dollars), but now that the laser focus on banker misdeeds seems to be waning, lawmakers are signalling their willingness to dump the Volcker Rule forbidding prop trading at ...

    - Mar 27 2012 - 6:45am - 15 comments

  4. The Volcker Rule- how much was prop trading really to blame?

    I'm sure you've all heard of the Dodd-Frank Reform Act and more importantly, the Volcker Rule that's a part of it. So, I'd like to get some thoughts from people who believe the Volcker rule will go some ways in preventing another ...

    - Mar 29 2011 - 8:08pm - 34 comments

  5. Glencore: Goldman's worst nightmare?

    Interesting article on business insider about how Goldman is freaked out about the Volcker rule. Specifically, they're scared of Glencore and the threat it poses to their commodities business. Goldman is one of the 3 big BB commodities players, along ...

    - May 5 2011 - 9:23pm - 27 comments

  6. Financial reform bill will destroy big banks

    If this financial bill passes in its current form, the bulge bracket banks are basically f*cked. The Volcker rule would prevent banks from engaging in prop trading or investing in hedge funds and PE firms. JP Morgan is already planning to sell Highbridge. ...

    - Apr 20 2010 - 8:09pm - 63 comments

  7. A New Witch Hunt...or is it?

    After three plus years of snooping around, it seems that the Federal government is ready to blow the lid off insider trading wink-and-nudge practices at some of Wall Street's biggest name institutions. The key surrounds passing of nonpublic ...

    - Nov 20 2010 - 3:20pm - 15 comments

  8. Shia LeBeouf: World's Greatest Trader

    With all the new financial rules and regulations, ideas such as "honesty" and "fairness" have forcibly been added to the dog-eat-dog mixture of markets. This creates a potential hale storm of falling pianos as to what can be viewed as ...

    - Sep 25 2010 - 10:53am - 11 comments

  9. Trader Pay No Longer Based on P&L?

    More changes are in the offing for prop traders who specialize in making markets, and these changes are going to effect the pocketbook. In a nutshell, market makers will only be allowed to be compensated on the spread of the securities in which they make ...

    - Sep 27 2011 - 5:45am - 8 comments

  10. The Volcker Rule and FX

    This is targeted to salesman and traders already working at a bank. So the volcker rule bans prop trading of "financial instruments" in investment banks and elaborates on its definition of a financial instrument. It then lists some things that ...

    - Dec 10 2013 - 11:01pm - 4 comments

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