You have heard how complicated, arcane deals undermined global finances in the past? Because of those “greedy” bankers, intent on “obscene” profit-making schemes?
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 that derivatives really work and their purpose is useful. The upshot of all the nattering? Draconian regulation in the form of Dodd- Frank,
This piece of legislation is a work in progress, but the unintended consequences are slowly but surely unfolding day by day. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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