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  Thursday, 5 May 2011 | 4:05 PM ET

What Really Caused the Flash Crash

Posted By: John Carney
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AP

Here's some good news: it's the anniversary of the Flash Crash and we know what caused it.

Many things that happen in financial markets remain mysteries for perpetuity. The causes of the housing boom and bust, for instance, are still debated by economists. Was it the Fed's loose money? Deregulation in banking? Perverse pay incentives? Government housing policy? We'll be debating this forever.

But the Flash Crash is different. We know how it happened.

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  Thursday, 5 May 2011 | 1:42 PM ET

American International Group IPO: Treasury at Odds With Banks on Pricing of AIG Offering

Posted By: Kate Kelly

Just days before the highly-anticipated secondary offering of American International Group shares is set to be marketed to investors, the sellers are at loggerheads with the bankers they have hired over where to price the deal, say people familiar with the matter.

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  Thursday, 5 May 2011 | 12:46 PM ET

The State of Pensions

Posted By: Lori Ann LaRocco
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The fiscal challenges facing states is not new and the budget battles we saw in both Wisconsin and Ohio just showcases the problem. One of the biggest challenges states are facing when tackling their budget shortfalls is their pension deficits. States like California are so in the hole they're looking at over $500 billion in shortages.

The Garden State—New Jersey— is staring down a $46 billion dollar deficit and Illinois is faced with a $78 billion of red ink. But in times of crisis, ingeniuty and creativity can take a leading role. In Utah, Alaska and Michigan they are tackeling their pension problems head on. I caught up with pension plan expert and lawyer Marica Wagner on what kind of options states can do to right their lopsided pension balance sheets.

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  Thursday, 5 May 2011 | 11:00 AM ET

The Real Reason Goldman Should be Freaking Out About the Volcker Rule in One Word

Posted By: Katya Wachtel, Business Insider
Goldman Sachs
Getty Images
Goldman Sachs

Why should Goldman Sachs be "freaked out" by the Volcker Rule, and lobbying hard to debilitate it?

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  Thursday, 5 May 2011 | 9:03 AM ET

Goldman Sachs Is 'Totally Freaked Out' by the Volcker Rule

Posted By: Julia La Roche

Goldman Sachs is 'totally freaked out' by the Volcker Rule . Oh and can someone please tell me waht 'backstairs bets are? [Reuters]

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  Wednesday, 4 May 2011 | 5:02 PM ET

Goldman Is Not Resisting Volcker

Posted By: John Carney
Goldman Sachs CEO Lloyd Blankfein
Getty Images
Goldman Sachs CEO Lloyd Blankfein

It's hardly surprising that Goldman Sachs wants to be able to deploy the firm's capital to longer term investments.

What is surprising is that Goldman reportedly has to lobby regulators to be able to do this. On it's face, nothing in the Volcker Rule should prohibit longer term investment.

The Volcker Rule is set out in Section 619 of the Dodd-Frank law. The blog Economics of Contempt nicely explained this section back in March .

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  Wednesday, 4 May 2011 | 4:29 PM ET

A Privacy Warning for Smartphone Users

Posted By: Lori Ann LaRocco
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In today's high-tech age, your smartphone can be your concierge, navigator, websurfing device and of course a phone.

But with this "freedom" and "technological advances" your privacy could be in jeopardy. Sony's second cyber attack in a matter of weeks just shows that while we may be light years ahead in terms of convenience, the fabric making up the network that gives us this freedom is in need of repair.

So just how vulnerable are we? I asked Dave Jevans, founder and chairman of IronKey, which provides various cyber security services. He is also the chairman of the Anti-Phishing Working Group which tracks and quantifies phishing attacks and fake websites.

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  Wednesday, 4 May 2011 | 4:18 PM ET

Too Much Financial Innovation?

Posted By: John Carney
NYSE trader
Getty Images
NYSE trader

It's almost a heresy to suggest at the Milken Institute Global Conference that we may have too much financial innovation.

The Milken Institute, of course, is named for one of the most famous living financial innovators, Michael Milken. Much of the work of the institute is dedicated to finding innovative ways to ameliorate the world's ills.

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  Wednesday, 4 May 2011 | 2:02 PM ET

Would Oil Prices Really Fall If Speculation Was Reined In?

Posted By: Jeff Cox
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If raising the margin requirement—or downpayment—on silver contracts helped cool speculation in the metal this week, could it do the same thing for runaway oil prices?

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  Wednesday, 4 May 2011 | 11:12 AM ET

Soros Has Begun Dumping Gold and Silver, While John Paulson Says Gold Will Go to $4,000

Posted By: Joe Weisenthal, Business Insider
George Soros
Axel Schmidt | AFP | Getty Images
George Soros

John Paulson told a UK news show on Tuesday that gold is going to $4,000, reports WSJ .

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