|
|
![]()
|
|
|
From the article:
"Indeed, Wall Street succeeded in convincing Congress that some of its instruments cannot be cleared because they are non-standard and difficult to price. Forcing all trades to be cleared, banks have repeatedly argued, would stifle innovation. Given the damage such innovation has done to the economy over the past three years, that might not be such a bad thing. Distressingly, though, central clearing for all derivatives is no longer on the table as an option."
|
|
|
|