Michael Volpe, Author at The Industry Spread - Page 20 of 33
Michael Volpe
After spending a decade in finance, Michael Volpe has been a freelance investigative journalist since 2009. His work has been published locally in the Chicago Reader, Chicago Crusader, Chicago Heights Patch, and New City. Nationally, Volpe's work has appeared in a wide variety of publications including the Washington Examiner, the Daily Caller, Crime Magazine, the Southern Christian Leadership Conference Newsletter, and Counter Punch. Volpe has been recognized by whistleblowers as leading the charge in getting their stories out. His first book Prosecutors Gone Wild was published in October 2012, his second book The Definitive Dossier of PTSD in Whistleblowers was published in February 2013 and his third book Bullied to Death was published in August 2015.

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Are CCPs Too Big To Fail

December 7, 2018

Failure of a major clearinghouse would be an unprecedent event; such an event would mean there would a cataclysmic breakdown of the interlocking risk management schemes despite their highly regulated system.” Collin Peterson, a Democrat from the State of Minnesota, said at the June 2017, hearing.
But such an event may have since already occurred.

CFTC Market Risk Advisory Committee Meets

December 6, 2018

The Markets Risk Advisor Committee (MRAC) of the Commodities Futures Trading Commission (CFTC) met and announced the formation and chair of a new sub-committee.

Insights on the US Treasury Market by Giancarlo

December 4, 2018

The 10-year US Treasury futures contract is the most liquid US Treasury contract, the US Treasury market is going through a “liquidity hierarchy”, and as volatility increases in US Treasuries, liquidity migrates from less liquid cash securities to more liquid futures contracts.

Hensarling Lobbies for Bill

November 30, 2018

“But we cannot be blinded by the fact that as good as the economy is of today, we still have to concentrate on the economy of tomorrow. And we need to know, can we ensure that the seed capital is there? Can we make sure that our public policy nourishes the drivers of tomorrow’s economy, the next Amazons, the next Googles, the next Ubers; where are they going to come from?”

CFTC Explains Smart Contracts

November 29, 2018

“Smart contracts are being used to drive further automation in our markets and may have an impact across a range of economic activities,” said LabCFTC

Hacking a Trillion Dollar Business

November 26, 2018

“I would say the most poignant moment of me being a cyber special agent was the moment that I took an offensive hacking course. It’s white hat hacking and it was a bunch of agents that took it.”
He described learning how to control other people’s computers, “Once I started doing that, I realized ‘oh way’ this is as easy as turning on the computer and writing an email.”

Record Number of Spoofing Cases Examined

November 18, 2018

Big fraud allegations often mean big settlements will follow. But the settlements the Commodity Futures Trading Commission reached with former MF Global CEO Jon Corzine in early January and Igor Oystacher and his Chicago firm, 3Red Trading LLC, in December were surprisingly puny.

Warren Says Financial History Repeating Itself

November 16, 2018

This market looks a lot like the sub-prime mortgage market looked pre-2008. The loans are badly underwritten, with minimal protections, like sub-prime mortgages, these loans are being packaged up and sold to investors as collateralized loan obligations, or CLOs, which spread the risk throughout the system

Fed Head of Oversight Visits Capitol Hill

November 15, 2018

Randal Quarles is the Vice Chairman for Supervision and he was testifying in front of the House Financial Services Committee in his bi-annual testimony on November 14, 2018.

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