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Derivative Dangers and Frank Partnoy
April 26, 2009 in Uncategorized | Tags: derivatives, economics, economy, financial crisis, frank partnoy, fresh air, investment banking, lessons learned, npr, ratings agencies, regulation, wall street | Leave a comment
This is a bit of an old reference in internet time (from > month ago), but this is a new blog, so who cares.
Below is a link to one of the better bits I’ve heard on the reality and dangers of deratives trading, how the trade was allowed to grow and thrive over the years, and how the lack of transparency leant itself to the eventual collapse.
“Frank Partnoy directs the University of San Diego’s new Center for Corporate and Securities Law.” He’s also a former derivatives trader.
Enjoy!
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