An Object Lesson In Governmental Failure: Derivatives Reform

03/18/2010 05:12 am ET | Updated May 25, 2011

If you want to understand why Congress seems completely incapable of checking the power of Wall Street, look back to a hearing on the Hill last October 7, and the subsequent events surrounding it. On that day, the House Financial Services Committee hosted a panel on reform of the market for derivatives, the financial instrument which played such a notable role in the country's economic meltdown.

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