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  • A Secretive Banking Elite Rules Trading in Derivatives

    12/12/2010 8:27:37 AM PST · by Mojave · 16 replies
    New York Times ^ | 12/11/2010 | Louise Story
    On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan. The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance.