The wamu guy getting 13 million for presiding over a certain death for a few weeks. Until the PEOPLE rise up and demand this kind of bullshit ends, they will get what they deserve. A good reaming.
It is a criminal offense if he lies about his positions on TV when he was making those comments. His position size in commodities forced him to report to authorities too. His opinion, however, should be taken with caution because he is a participating party with an upper hand - both in terms of his positions, and as a person in the society. e.g. bankrupt those institutions => depression and huge job losses, etc. but it would not affect Jim negatively, not even a bit. Edit: During such interviews on TV, many times the anchors failed to ask the necessary question - are you long/short the instruments you just commented on? A simple question like that will go a long way.
anchors ask a sensible Q ? most of them wouldn't know the diff btwn inflation and their own menstration .
you are so naive. This guy can say ANYTHING he wants on TV. Nobody forces him to tell the truth about his positions. If he wants everyone to enter into the oil trade on the long side again then he will make sure to be heard (of course after he got in again). I respect the guy and share most of his opinions BUT I dont believe a word he says about his positions. No trader in his right mind talks about positions in detail especially not sizable positions. But believe whatever you like...
Except forex, ICE, all sizable positions in futures are reported by the brokerage/clearing entity. It is not an issue of choice. If you've have to report your position once, you would know.
Right. Of course, Japan never recovered fully after 1990, but they had lots of government intervention and an old boy's network remaining in their banks.
The US is thoroughly corrupt in politics and business. China is emerging into market economy and has just some easily identifiable corrupt elements.