Soveriegn Debt CDS Issues Prove the Need for an Industry Wide OTC Derivatives Risk Monitor
Per this weekend's events: the demise of MF Global and the lack of details in the ECB Greece bailout plans...
Nobody knows how deep the rabbit hole goes. Counterparty exposures are still a mystery. OTC Derivatives remain an opaque market. Post-crisis (2008) regulatory implementation has grinded to a halt, leaving the global banking industry vulnerable to long tail risk events, collateral squeezes and sudden price drops in correlated assets.
Gov't Debt CDS Credit-Default Swap Risk Bomb Is Wired to Explode
http://www.bloomberg.com/news/2011-10-30/credit-default-swap-risk-bomb-is-wired-to-explode-mark-buchanan.html
The Euro Debt Circle
http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
Build Your Legacy
www.LegacyCapitalBook.com
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Sent on the Sprint® Now Network from my BlackBerry®
5 Ways Businesses Can Build Trust
5 Ways Businesses Can Build Trust
Business ethics are important, but they are insufficient for companies that want to build trust with employees, shareholders and customers, writes Robert Hurley of Fordham University. "Trust comes from delivering every day on what you promise -- as a manager, an employee and a company," he writes. Trustworthy companies look out for others' best interests, follow through on their commitments and focus on communication, he writes.
- The Wall Street Journal
http://online.wsj.com/article/SB10001424052970204138204576603031565507232.html?mod=dist_smartbrief
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
Build Your Legacy
www.LegacyCapitalBook.com
--------------------------------
Sent on the Sprint® Now Network from my BlackBerry®
5 Dangers of Doing Business With Family and Friends | BNET
Here's an article that touches the heart. Family and business don't always mix well. Make sure the skills really match the opportunity. Triple check that the risks are really worth the 'potential' rewards...
All bets are off.
http://m.bnet.com/blog/customer-relationship/5-dangers-of-doing-business-with-family-and-friends/936
Victor Lloyd Smith
vsmith@mlgcap.com
917-653-4406
Build Your Legacy
www.LegacyCapitalBook.com
--------------------------------
Sent on the Sprint® Now Network from my BlackBerry®
