Two US Senators are reported to have profited off the 2008 financial crisis by making derivatives investments through Goldman Sachs. One of those Senators has since seen the light and currently advocates “get tough” derivatives legislation. And one of these senators will not be a surprise to regular readers of ValueWalk. Senator who profited off derivatives during financial crisis has seen the light, now sponsoring tough bi-partisan derivatives regulation Sen. Mark Warner (R-VA), one of those involved in the Goldman Sachs “Abacus” investments, is now co-sponsoring with Sen. Elizabeth Warren (D-MA) what is being described as some of the toughest derivatives…
Bob Corker Invested With Goldman Abacus, Bet Against Housing Market in 2008
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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