Tag Archives: Derivatives

Washington Post: Bankers Making Turkeys out of Taxpayers

Dana Milbank of the Washington Post published this column today, pointing out how much the nation’s bankers have to be thankful for as they sit down for Thanksgiving turkeys tomorrow.  Here’s an excerpt: At this time last year, the American financial system was near collapse,

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Derivatives One-Pager

Support Strong Derivatives Regulation Congress cannot protect the U.S. financial system without acting to regulate over-the-counter derivatives, which brought down AIG at a cost of $134 billion to taxpayers. The five biggest banks dominate the derivatives market and want to maintain the status quo, since