Super Leverage News Today

According to a study, as many as 2 billion people will be exposed to extreme heat if global warming raises temperatures by 2.7°C. Read more here.

Accounting fraud, anyone? super-leverage, anyone? oh, giant banks. no? okay, perhaps our friend, simon johnson has some answers, contributing business editor to the "huffington post." simon, do you think anybody knows why the market did what it did last week? >> no, i dont, dylan. certainly no regulators have the faintest clue. perhaps there are some market participants who know more, but theyre not speaking out. >> if you were to look at the most useful thing, somebody who agrees with your asse...

Victory. it will depend on what the audit shows. i do think the assets that were taken into the so-called maiden lane vehicles, which were started when bear stearns failed, those were interesting. and the more you get to look at those, the more unsettled you and many other people are going to become. so the sanders amendment is helpful, but not huge. >> reality check -- weve got accounting fraud at the heart of the banking system. super-leverage is still in place, the big banks are bigger than t...