Levinson, Marc
March 1995
New Republic;3/20/95, Vol. 212 Issue 12, p19
Criticizes the mass media for inaccurate and wrong reports on the reason for the collapse of the British investment firm Barings PLC. Major newspapers and periodicals in the U.S. which linked the collapse of the company to derivatives-related problems in their reports; Explanation that derivatives are financial instruments that may serve as a hedge to reduce risks exposure; Clarification on the causes of the losses sustained by several companies which the media linked to derivatives; Difficulty for the public to understand the processes in derivatives trading; Defense on the stability of the financial market.


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