[cgbg]

I am not doing to debate the fine points of the legislation but we need to get banks and investment banks out of the derivatives and gambling business one way or the other—by legislation or by public riots—take your pick.

That said, after the banks deluge Congress with contributions it is highly unlikely that legislation will make that happen, regardless of the political talking points of both parties.

[proxy_user]

Then who is going to supply derivatives to business customers who need to buy them?

[expat_panama]

...not doing to debate the fine points of the legislation but we need to get banks and investment banks out of the derivatives...

--and my guess is that the fact that banks have never been in the derivatives to begin with is just a mere 'fine point'.

[Buckeye McFrog]

Mark my words....eventually this country is going to elect the second coming of Hitler on a promise to punish the bankers.

[Pelham]

“but we need to get banks and investment banks out of the derivatives and gambling business one way or the other”

Trump needs to bring Brooksley Born out of retirement. She was a voice in the wilderness saying that the derivatives market at least needed to be transparent so that bank regulators could see how much risk they were taking on. She was driven out of her post at the Commodity Futures Trading Commission for her troubles. And the disaster that she foresaw grew to epic proportions.