Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Off-Topic Post, Non Stock Talk
»
Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012...
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by glassman: [QB] trying to blame other people for your own mistakes is foolishness, i voted for Bush in '00, and i'm sorry i did.: [b]Top Regulators Once Opposed Regulation of Derivatives by Kristin Jones, ProPublica - October 6, 2008 2:57 pm EST Tags: Regulation The chiefs of the federal regulatory agencies -- Henry Paulson, Chris Cox and Ben Bernanke -- have each called for better regulation of derivatives, the financial instruments at the center of the current crisis. Yet a look at their Senate confirmation hearings suggests they once held quite different views. CRAPO: I’m very concerned about the potential efforts in this Congress to change the manner in which we regulate derivatives or to impact the manner in which derivatives operate in the economy. As you know, the President’s Working Group on Financial Markets has explained why proposals that we have faced in the last couple of years for additional regulation of energy derivatives were not warranted, and has urged Congress to be aware of the potential for unintended consequences. PAULSON: I believe these proposals could have significant unintended consequences for the risk-management functions that the markets – whether over-the –counter or exchange-based – perform in our economy. It is my view that absent a clearly demonstrated need, we should be wary of major changes to the manner in which we regulate our derivatives markets. The importance of derivatives markets in the U.S. economy should not be taken lightly, as businesses, financial institutions, and investors throughout the economy rely on these markets to manage their risks and to protect themselves from market volatility. These markets have contributed significantly to our economy’s ability to withstand and respond to various market stresses and imbalances. Although I have not studied this issue in great detail, it has been my experience that increasing reporting requirements does not affect market fundamentals; rather they are influenced by supply and demand factors.[/b] [URL=http://www.propublica.org/article/top-regulators-once-opposed-regulation-of-derivatives/]http://www.propublica.org/article/top-regulators-once-opposed-regulation-of-deri vatives/[/URL] [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2