Tuesday, February 09, 2010

Chart of the Day: The Volcker Rule

Kevin Drum has a really nice Chart of the Day: The Volcker Rule.

He also has a very good post ,Goldman Sachs vs. the Taxpayers about a NY Times article from the weekend. "In the New York Times this weekend, Gretchen Morgenson and Louise Story write about how Goldman Sachs both helped along the collapse of AIG and profited from it at the same time. Basically, Goldman acquired lots of mortgage-backed securities they thought were likely to tank, then bought CDS contracts from AIG to insure against that decline."

Nice to see actual details making it to the light of day.

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