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 in Washington completed their pious, populist speeches. The media duly contributed their remarks.
And then Congress made its conclusions. The result? Perhaps some insights were finally gained on how derivatives really work and their purpose. The upshot of all the nattering? Draconian regulation in the form of Dodd- Frank,(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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