i thought some of you might enjoy this documentary that provides a little history on the regulation of the otc derivatives market...
http://video.pbs.org/video/1302794657/
....it is not at all hard to see how the CFTC might seek to take what may be considered an overly proactive approach to otc market regulatory reform after seeing how stridently it was restrained by Greenspan et al.
I need to find the video clip of Greenspan admitting before congress that he was fundamentally wrong - that the "free" markets can not be trusted to regulate themselves after all...
http://video.pbs.org/video/1302794657/
....it is not at all hard to see how the CFTC might seek to take what may be considered an overly proactive approach to otc market regulatory reform after seeing how stridently it was restrained by Greenspan et al.
I need to find the video clip of Greenspan admitting before congress that he was fundamentally wrong - that the "free" markets can not be trusted to regulate themselves after all...
"If The Fool persists in his Folly he will become wise." - William Blake