All Commentary
Thursday, May 20, 2010

Financial Regulation Bill Stalls in Senate


“President Obama’s Wall Street reform stalled in the Senate on Wednesday as two Democrats joined most Republicans to block progress on a major overhaul of regulations. The major sticking point concerns proposals to strip the risky business of swaps and derivatives from banks that get federal, taxpayer-backed protection.” (New York Daily News, Thursday)

They wouldn’t have known what they were voting for anyway.

FEE Timely Classic
“Did Deregulated Derivatives Cause the Financial Crisis?” by Robert P. Murphy