Huffpost Business

Derivatives Reform: 'Tricky Exceptions' Leave Market Unchecked: The Nation

Posted: Updated:

The Obama administration promised to reform the financial system and make it safe for the rest of us, but recent Congressional action is more likely to reset the fuse for another explosive calamity. The time bomb in this case is that arcane financial instrument known as derivatives--the hedging devices that the big banks sell to investors, corporations and other banks to reduce risk or evade the requirements to hold adequate capital on their books.

Read the whole story at

Around the Web

Derivative (finance) - Wikipedia, the free encyclopedia

Numa : The Internet Resource Center For Financial Derivatives

Regulation Watch: 'Just So Stories' Surrounding Derivatives are a Puzzle

US derivatives bill would allow telephone trading

JP Morgan's Dimon Takes On Washington's Critics of Big Banks