The Derivative Project

Congress Must Exercise Fairness in SEC Mandated Cost-Benefit Analysis

“The House Financial Services passed on February 17, 2012 the SEC Regulatory Accountability Act, H.R. 2308, which requires the Securities and Exchange Commission, in accordance with President Barack Obama’s executive order, to conduct robust cost-benefit analysis on each new rule-making.” This bill is summarized in this article in The Derivative…

Congress Had A Chance to Stop the Potential Greek Contagion: Here is Why They Did Not

The blogosphere has been buzzing about if the agreement with Greek bondholders and other parties, including the European Central Bank will work or if default is inevitable.  Here is a summary of the Greek agreement from the New York Times today, Growing Air of Concern over Greek Bailout. Here is…

Does “Protecting Main Street from Excessive Regulation” Result in More Fraud and Farmer Losses?

The House Agriculture Committee just released this Press Release, February 16, 2012, under the guise of protecting our nation’s farmers.  The reality is our nation’s farmers use the futures markets, not Ag Swaps.  Who is this Bill for?  The major firms that speculate in Agricultural Commodities through the Ag Swaps…

Congress Has the Duty to Examine Costs/Benefits of Speculation for Consumers, not Just for Wall Street

Earlier this week, the securities’s industry’s powerful lobby, the Securities Industry Financial Markets Association, SIFMA, and the derivatives lobby, the International Swaps Dealer Associaiton,  ISDA, continued their quest in the U.S. Courts to strike down Dodd-Frank’s limits on speculation.  Here is the link to the February 8, 2012 Bloomberg article,…