Chemical Sky Death Replaces CDOs As Main Threat To America
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Whoah hey a House-Senate conference committee stayed up all night and came up with a compromise version of the financial reform bill! Does it contain a substantive section on derivatives reform? Well, "banks and their parent companies [must] segregate much of their derivatives activities into a separately capitalized subsidiary," so, we'll say ... sure, maybe.It's not as tough as Blanche "I Hate Derivatives So Much" Lincoln's proposal, but it's apparently tougher than it would have ended up being had she lost her primary. Now the combined bill has to pass the House and Senate, which surely will be just a formality, right? [
Chemical Sky Death Replaces CDOs As Main Threat To America
Chemical Sky Death Replaces CDOs As Main…
Chemical Sky Death Replaces CDOs As Main Threat To America
Whoah hey a House-Senate conference committee stayed up all night and came up with a compromise version of the financial reform bill! Does it contain a substantive section on derivatives reform? Well, "banks and their parent companies [must] segregate much of their derivatives activities into a separately capitalized subsidiary," so, we'll say ... sure, maybe.It's not as tough as Blanche "I Hate Derivatives So Much" Lincoln's proposal, but it's apparently tougher than it would have ended up being had she lost her primary. Now the combined bill has to pass the House and Senate, which surely will be just a formality, right? [