Zach Carter reports on a blow to efforts to regulate the runaway derivatives market. Just as most derivatives are set to be put onto clearinghouses, Treasury Secretary Timothy Geithner exempted a large group of derivatives, foreign currency swaps, from the regulations. The Treasury Department plans to exempt foreign exchange derivatives from new Wall Street reform [...]

I’ve been consistently saying that the Dodd-Frank financial regulatory law was not a law, but a promise to write a law later. Hundreds of rules and official studies followed passage in Congress, and we’re just now starting to see the fruits of that. Some of the results have been OK: trading in credit default swaps [...]

Ron Paul has backed off his intense initial criticism of the Sanders compromise on the audit the Fed amendment, saying that he supports passage of a measure that ensures “their sins of the past would be revealed and Americans would know more about who got bailed out by the Fed and under what terms.” He [...]