The CFTC just fined Goldman for failure to properly disclose prices fairly to clients.
And it’s all about a technical issue related to the timing of international swaps.

The CFTC just fined Goldman for failure to properly disclose prices fairly to clients.
And it’s all about a technical issue related to the timing of international swaps.
Silicon Valley Bank (SVB) defaulted on Friday. At $212 bn of assets, it is the largest failure since 2008, and probably one of the fastest – it went from rumor to belly-up in only two days.
Here is the explanation, and the first questions.
Xi Jinping’s new leadership team will maintain the current direction.
And China’s GDP will slow; the Chinese economy is unlikely to reach that of the US by 2060, if ever.
Swank settings, glittering names, trillions of wealth… the Global Family Office Summits were a con man’s works of art. How ‘Sir’ Ritossa has bilked the aspiring famous for years.
“Ritossa puts on fake family office events where a lot of people turn up who don’t have capital to invest — but very much want people to think they do — while genuine entrepreneurs and fund managers are being hustled into giving Ritossa and his company fees.”
Lot of rumors during the weekend of a major bank going bust in a new Lehman instant. The fingers are pointing at Credit Suisse.
Indeed the bank’s CDS is high and its stock price is low. But are we at bankruptcy level yet? The Financial Times objects.
Dr. William Procasky, Navesink International’s credit and derivatives expert, was recently interviewed by Kill-TV in Corpus Christi, TX on the subject of inflation.
Russian economic statistics are not reliable anymore, but Yale academics have recalculated key metrics. The result is clear. The economic sanctions are crushing the Russian economy.
Based on that research, Foreign Policy journalists are debunking nine key propaganda myths about Russia’s economic strength.
Voyager Digital, the crypto execution broker, has just filed for bankruptcy.
Add this failure to the list of cascading failures in the digital space.
Unfortunately, with no regulation and capital buffers, more dominoes will fall, and with little recourse for the other players.
Shimao Group, another large Chinese real estate developer, has followed Evergrande in bankruptcy after failing to make a bond payment.
The Chinese real estate bubble is bursting, and more pain will follow.
A systemic effect is currently unfolding in the digital space. Stable coins have been hit, then coins, then lenders, then hedge funds and now crypto exchanges. Unfortunately, the lack of regulation, of regulator, of risk constraint, or even capital buffer will make the fall even more painful.