Nice Team Work

Last week regulators from the US, Britain, and Switzerland announced fines of $4.25 billion against several major financial institutions for conspiring to manipulate the foreign exchange markets. Simultaneous with the settlement announcements, the CFTC published select transcripts detailing chat room evidence of the manipulations.
The transcripts are rough reading, especially if you aren’t


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Bitcoin: Do Hedgers Dream of Crypto-Currencies?

Whether Bitcoin truly becomes a viable currency or whether it retains a quasi-commodity status like gold is anyone’s best guess. But whatever it turns out to be, the financial risks Bitcoin presents are very similar to any currency or commodity you interact with on a daily basis.


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