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NYTimes: A Secretive Banking Elite Rules Trading in Derivatives

Submitted by on June 30, 2011 – 12:39 pm

by Louise Story

December 11, 2010

“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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