Description: Legislation tightening oversight of the $592 trillion over-the-counter derivatives market would give regulators authority to ban so-called abusive swaps.
Keys: Stock market (p281), Derivatives (p664)
Questions for discussion:
- Do you agree with the effort to regulate the derivatives market. Explain your answer.
- Do you think the financial crisis would have been averted if this legislation was in place? Why or why not?
- Is there a basic problem with derivatives of any sort? Explain your thinking.