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Strategies & Market Trends : The coming US dollar crisis

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From: Real Man10/15/2009 12:19:56 PM
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Frank committee approves key derivatives bill

Legislation seeks to impose new transparency, reporting, capital obligations

By Ronald D. Orol, MarketWatch

WASHINGTON (MarketWatch) -- A key congressional committee on
Thursday approved wide-ranging legislation to strengthen
oversight of and increase transparency in the $592 trillion
derivatives industry, which has been widely blamed for
contributing to the financial crisis.

marketwatch.com

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"Had AIG collapsed, we would not have been saying today
that the Goldman Sachs people are the smartest guys in the
room," said Adrian Blundell-Wignall, deputy director at the
Organization for Economic Cooperation and Development.
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