Posts Tagged ‘derivatives’

 

This contains at least one factual error.  Glass-Steagall was repealed in 2000, not 1993.  Plus a lot of incendiary, and sometimes inappropriate imagery.  Still.

 

Will Hollywood Go the Way of Enron?
Derivatives Come to the Movies

By ELLEN BROWN

As if attacks from paparazzi and star-crazed fans weren’t enough, Hollywood stars may soon have a literal price put on their heads by investors in the Cantor Exchange, a real-money trading platform where people can bet on the gross profits of upcoming movies. Sales of The Dark Knight skyrocketed after Heath Ledger died unexpectedly, and so did sales after the deaths of Michael Jackson, Elvis Presley and Marilyn Monroe. Will greed-driven investors now be laying in wait for the stars of movies they have bet on?
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