Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

The CW Fallacy of Regulations
The Provocateur ^ | 05/14/2009 | Mike Volpe

Posted on 05/14/2009 9:55:33 AM PDT by fiscon1

Today, President Obama continued to show just how little he understands about the problem.

The Obama administration yesterday unveiled a plan to regulate a vast market of exotic financial instruments known as derivatives, which fueled the global economic crisis and wounded some of the biggest names on Wall Street.

As the administration's first step to overhaul financial regulations, the proposal calls on Congress to establish rules that would restrict the banks, hedge funds and other investors who trade derivatives on what have been called "dark markets" for their lack of oversight.

(Excerpt) Read more at theeprovocateur.blogspot.com ...


TOPICS: Government
KEYWORDS: creditdefaultswaps; domesticpolicy; obama

1 posted on 05/14/2009 9:55:33 AM PDT by fiscon1
[ Post Reply | Private Reply | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson