You have heard how complicated, arcane deals undermined global finances? Because those “greedy” bankers, intent on “obscene” profit-making schemes used them to the detriment of all.
After lengthy investigations were made, and our politicians completed their pious, populist speeches, Congress made its conclusions.
The result? Perhaps some insights were finally gained on derivatives really work and their purpose. The upshot of all the nattering? Draconian regulation in the form of Dodd- Frank,
This piece of legislation is still a work in progress, but the unintended consequences are slowly but surely unfolding day by day. I comment on them as they periodically occur.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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