June 28, 2010 at 08:24 AM EDT
Derivative Monster: Alive and Kicking Despite Reforms
Anyone who thinks the new financial reform law will save us from the next debt disaster must be dreaming. Here are the facts … Fact: The U.S. derivatives that helped cause the last debt crisis are merely being shifted around like deck chairs on the Titanic. Fact: Nothing whatsoever is being done about the derivatives monster overseas, which is more than TWICE as big. Fact: Most important, despite months of debate and thousands of pages of legislation, the two biggest risk-mongers of all — the Treasury and the Fed — didn’t even get a slap on the wrist. They got more power. Little has been done to address the huge derivatives…
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here