The IRA Analyst Thu 2009-07-30 00:00 EDT
The Institutional Risk Analyst: Kabuki on the Potomac: Reforming Credit Default Swaps and OTC Derivatives
-- he Masters of the Universe who run the largest Wall Street firms of have learned not a thing when it comes to credit default swaps ("CDS") and other types of high-risk financial engineering. Indeed, not only are the largest derivative dealers fighting efforts to reform the CDS and other derivative instruments that caused the AIG fiasco, but regulators like the Federal Reserve Board and US Treasury are working with the banks to ensure that a small group of dealers increase their monopoly over the business of over-the-counter ("OTC") derivatives.''
Institutional Risk Analyst; IRA Analyst; Kabuki; OTC derivative; Potomac; Reforming Credit Default Swaps.