One of the great primary purposes of Dodd-Frank was to put all derivatives on an exchange, like the CFTC. An exchange that guarantees both side of a trade, insured, with transparency.
But... Year after year, the Swaps and Derivatives Assn goes before the Senate Banking Committee and asks for an extension of the deadline, because transpare…
One of the great primary purposes of Dodd-Frank was to put all derivatives on an exchange, like the CFTC. An exchange that guarantees both side of a trade, insured, with transparency.
But... Year after year, the Swaps and Derivatives Assn goes before the Senate Banking Committee and asks for an extension of the deadline, because transparency is the last thing they want.
They're not just the "protected class", they are the parasite class.
Yes, indeed! I asked a banker guy that's been working in the banks for 30+ years if he had heard about what was happening in the Repo market. He said he didn't know about Repo Markets. Hard to believe he wasn't gaslighting me.
One of the great primary purposes of Dodd-Frank was to put all derivatives on an exchange, like the CFTC. An exchange that guarantees both side of a trade, insured, with transparency.
But... Year after year, the Swaps and Derivatives Assn goes before the Senate Banking Committee and asks for an extension of the deadline, because transparency is the last thing they want.
They're not just the "protected class", they are the parasite class.
Yes, indeed! I asked a banker guy that's been working in the banks for 30+ years if he had heard about what was happening in the Repo market. He said he didn't know about Repo Markets. Hard to believe he wasn't gaslighting me.