More evidence of the incompetence of state accountants re derivatives
Via The Telegraph: Meanwhile Angela Merkel, the German Chancellor, criticised investment banks for the role they may have played in helping Greece to mask…
Gordon Kerr
Gordon Kerr is a structured finance banker and founder of <em><a href="http://cobdenpartners.co.uk/">www.cobdenpartners.co.uk</a></em>, the commercial wing of the Cobden Centre.
Boris: The Greeks must be rueing the day they whacked the drachma
BJ’s excellent article today rightly draws comparison between the bailout of Greece and the bailout of Northern Rock. He makes the excellent point that…
How To Destroy the British Banking System –- Regulatory Arbitrage via ‘Pig on Pork’ Derivatives.
Financial engineer Gordon Kerr explains how to destroy the British banking system through the use of derivatives which take advantage of the regulatory system,…
Gordon Kerr at the European Parliament
The following is the text of an address by Gordon Kerr, a Cobden Centre Advisory Board Member, to the Brussels Group at the European…
Imagine that the Crisis was a Shortage of Bread
One day in October 2008, the UK’s banks all collapsed. Perhaps it would be more accurate to date stamp the collapse one year earlier…
The 5 percent banking system bailout – The reciprocal of derivatives calculus
Those unfamiliar with the fine detail of derivatives pricing, regulatory capital, and accounting may have been surprised by Warren Buffet’s 2002 observation that derivatives…
Derivatives and Regulatory Failure – Precipice Bonds
Financial engineer Gordon Kerr presents the prequel to his article How to destroy the British Banking System – Regulatory Arbitrage via “Pig on Pork”…
Now State takes over bankers’ contracts – Telegraph
Via Now State takes over bankers’ contracts – Telegraph: The new rules, which critics are likely to suggest amount to a State-enforced “incomes policy”…
The Government’s asset fire sale
Gordon Kerr explains the futility of the Government’s planned asset fire sale. The Government plans “a fire sale of assets worth £16 billion” to…
Bailing out the Banks – Glaring Evidence of Moral Hazard
Gordon Kerr, a banker with expertise in derivatives and foreign exchange, explores the evidence of moral hazard in the bank bail outs. By rescuing…