Exceptions To Derivatives Trading Rule Dilute Regulation

03/18/2010 05:12 am ET | Updated May 25, 2011
  • GRETCHEN MORGENSON New York Times

Derivatives regulation has been on the nation's financial reform agenda for months. Undoing the Clinton-era law that exempted swaps from oversight is seen as imperative, except perhaps by big banks that deal in the contracts. It's worth noting that many members of the Clinton economic team, including Lawrence Summers, Timothy Geithner and Gary Gensler, now hold pivotal policy-making positions in the Obama administration.

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