"The Frightening Thing Is People Don't Know They're Selling Insurance" - An Interview With An Ex-Canyon CDS Trader

With his valuation expertise rooted in derivatives, Ice Farm's Michael Green, whose work has frequently graced this website in the past, has always been one step ahead of the market and built his career at Canyon Capital profiting from mispricing and arbitrage in CDS, which he believes are currently underpricing risk in today’s markets.

Flint Woman Whose Debate Question Donna Brazile Leaked Says Hillary "Should Be Disqualified"

Submitted by Joseph Jankwoski via PlanetFreeWill.com,

On Monday, it was revealed by WikiLeaks that the interim chair of the Democratic National Committee Donna Brazile provided a debate question to John Podesta and Jennifer Palmieri of the Clinton campaign ahead of a CNN-hosted debate between Hillary Clinton and Bernie Sanders.

This marks the second time that Brazile has been caught tipping off the Clinton campaign to a coming question.

No One Will Be Happy

No One Will Be Happy

From the Slope of Hope: Near the end of the book The Big Short, there is a scene in which two of the principal characters are sitting outside in downtown Manhattan during the throes of the financial crisis. The entire financial world is in absolute pandemonium, but as they look around them............nothing. Birds are singing. Children are playing. People are walking around, getting their errands done. A guy passes by on a bicycle. Nothing is different than it ever was.

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