Tag: crisis

Focus on Mitigation Rather Than Elimination

Watching the first installment of the History Channel’s The Men who Build America¬†series earlier this week, started me to think about today’s market structure and how it deals with dislocations. All of today’s market regulation came about to prevent would-be magnates from manipulating the markets and creating their own monopolies like Cornelius Vanderbilt and John…

High Finance, a Wall Street Fiction

In this episode of the Daly Post Podcast, Rob interviews author and former Turquoise chief executive Eli Lederman on his first novel, High Finance. Set in a fictitious investment bank, the story follows 10 days in the life of exotics derivatives trader Jerry Klein on the eve of the 2008 credit crisis as Klein becomes…

Stopping the Spread of Greek Fire

One of the enduring mysteries of antiquity is the make up of Greek Fire. According to records, the Greeks would use this nasty Napalm-like substance to set fire to enemy navies. For the unfortunate victims, no normal fire-fighting techniques could extinguish it. Once a ship caught fire, it burned until there was no more fuel…