Derivatives Are Necessary

                 

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 alleged role in the financial meltdown? And how they had to overhauled and re-regulated?

                       

Lengthy investigations were conducted, 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 resulting fine-tuning was not earth-shattering. .(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)