Derivatives a Danger?

 Remember the big noise about derivatives, such as interest rate swaps

and credit default swaps? Along with their connection with subprime

mortgages and collateralized debt obligations? With their role in the financial meltdown? And how they had to overhauled and re-regulated?

                       

Well, lengthy investigations were made, and Congress made its conclusions with the Dodd-Frank legislation.

                       

Draconian regulation was not necessary after all. The derivative markets continue to operate pretty much as they had before the ruckus that had little to do with derivatives as investment instruments. The fine-tuning was not earth-shattering after all.

Yet, the complaints are repeated by the uninformed media and their favorite politicians.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)