The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (256833)	6/26/2010 1:59:33 PM
From: RetiredNow	Read Replies (1) of 306849

Want to know what a joke this financial regulatory bill is going to be? Read the article below. marketwatch.com The banks may end up keeping more of this lucrative business than expected a few days ago. Credit-default swaps business and complex, bespoke derivatives contracts will have to be separated. But the final legislation seems to allow institutions to keep interest-rate swaps and foreign-exchange swaps within their commercial-bank operations, according to Gerard Cassidy, an analyst at RBC Capital Markets. In 2009, there were $614 trillion of derivatives. Interest-rate swaps made up $450 trillion of that and foreign-exchange swaps made up about $50 trillion, he calculated. "So about 85% of derivatives won't have to be spun out," the analyst said. "That's a big win for the big banks."

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