I'm reading the book The Looting of America. It's a pretty good read. Gives a 101 course in how derivatives work and how Wall Street brought on the economic crisis.
News today: The House Banking Panel just approved the regulation that derivatives must be regulated, which means they must be traded on an exchange with all the involved parties and counterparties disclosed. This is surprising, as I th0ught it wouldn't have been possible to get this passed this late in the game. Barney Frank
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