Geithner Pries Away $30 Trillion ForEx Derivative Market from Regulation

By: Saturday April 30, 2011 7:53 am

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 [...]

Geithner Poised to Gut New Derivatives Rules with Foreign Exchange Swaps Exemption

By: Monday March 21, 2011 12:12 pm

I’ve said for many months now that Dodd-Frank was not a bill, but a promise to write a bill later. The implementation process lay ahead, and that meant that regulators would have the ability to interpret the will of the Congress. Congress gave them this power very willingly – there are dozens of studies and [...]

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