Free Cash at Your Door

The fact that the recession is over does not make us forget that the recovery is fragile, slow and limited. Let us not hide the truth: much of the recovery benefits of the various “stimulus packages” of various governments around the world. But it’s over and done with. One of the themes to be discussed [...]

Hedge funds are opaque and hedge funds, which can live only if they receive funding from their bank, in the form of credits. This business of “prime brokerage” has expanded greatly and was severely mistreated during the financial crisis. Investment banks have seen their customers to leave shelter risks of these brokers and take refuge [...]

Upon landing last night after a business trip of ten days in China and Japan, the news of the continuation of Goldman Sachs for its role in Collateralized Debt Obligations (CDOs) reminds me a financial reality. Certainly, the Honorable banking seems to have succeeded in becoming the epicenter of the earthquake that devastated Wall Street [...]