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Full-Text Articles in Securities Law
Betting The Bank: How Derivatives Trading Under Conditions Of Uncertainty Can Increase Risks And Erode Returns In Financial Markets, Lynn A. Stout
Betting The Bank: How Derivatives Trading Under Conditions Of Uncertainty Can Increase Risks And Erode Returns In Financial Markets, Lynn A. Stout
Cornell Law Faculty Publications
On April 12, 1994, Procter & Gamble Co. announced that it had incurred pre-tax losses of $157 million from trading in leveraged interest rate swaps, a form of financial derivative. At the time that figure seemed enormous. Yet within a year, Procter & Gamble's misfortune had been overshadowed by that of Orange County, a wealthy California enclave that lost an estimated $2.5 billion of its investment fund as a result of dealings in reverse-repurchase agreements, inverse floaters, and other arcane instruments. Recent months have seen further losses by investment funds, government entities, and even colleges and Native American tribes. Perhaps …
Agreeing To Disagree Over Excessive Trading, Lynn A. Stout
Agreeing To Disagree Over Excessive Trading, Lynn A. Stout
Cornell Law Faculty Publications
No abstract provided.
Are Stock Markets Costly Casinos? Disagreement, Market Failure, And Securities Regulation, Lynn A. Stout
Are Stock Markets Costly Casinos? Disagreement, Market Failure, And Securities Regulation, Lynn A. Stout
Cornell Law Faculty Publications
No abstract provided.