The Challenge of Defusing the Derivatives Time Bomb
June 26, 2009 by admin
In the world of derivatives, profits for the dealers come from complexity and secrecy.
As a new regulatory system for derivatives is shaped on Capitol Hill, the banks will try to preserve as much of both as they can, The New York Times’s Floyd Norris writes in his latest High & Low Finance column. To the extent they succeed, it will be the customers, and the financial system, that are at risk, he says. Read more about derivatives…
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