BUSINESS
02/10/2011 05:12 am ET Updated May 25, 2011

Derivatives Clearinghouses Are Ruled By Secretive, Elite Group Of Bankers

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. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

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