Money Articles

American Prospects

Wall Street's Regulatory Rapture

May 16, 2013

The Balance Sheet if our daily economics newsletter. To subscribe, go here.

The Commodity Futures Trading Commission (CFTC) will make official a Wall Street victory today when it announces softened regulation on derivatives trading. After pressure from bank lobbyists, a rule that would have increased competition in the market for derivatives?financial products that derive their value from an underlying asset?could now empower a few big financial institutions to rule that risky space. Ninety percent of the now $700 billion derivatives market that nearly brought down AIG and he

Read entire article on American Prospects
« Previous Article Next Article »

More From Money Articles

  • The Stronger Argument against DOMA
  • Power 30: Global Influencers
  • Going out of print, Newsweek ends an era
  • Write a Story/Review about this topic

    Post a Comment

     

    Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE