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Politics : Welcome to Slider's Dugout

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From: SliderOnTheBlack	10/2/2008 5:56:59 AM
	4 Recommendations of 50433

Paulson on Derivatives... Chew on this one... reuters.com Paulson: Derivatives make markets more efficient Thu Jul 10, 2008 2:46pm EDT WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson on Thursday told lawmakers that off-exchange derivatives, used by firms to hedge against a range of risks including credit and interest rates, have been a good tool. "These contracts have done a lot to make the markets more efficient," Paulson told the U.S. House Financial Services Committee in answering questions after testifying on the need for widespread reforms in regulating financial markets. ---------------------------------------------------------------------- That was from July 10th... less than 8 weeks ago. My how things change! ...and you wonder why he wants IMMUNITY? SOTB

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