Sheila Bair: Let Banks Keep Derivatives – Sheila Bair, the Chairwoman of FDIC, wants Senate Democrats to let banks keep most of their business in complex – and profitable – securities known as derivatives. “If all derivatives market-making activities were moved outside of bank holding companies, most of the activity would no doubt continue, but in less regulated and more highly leveraged venues,” Bair wrote in a letter to Christopher Dodd – AP
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By WSP May 2, 2010, 3:18 PM Author's Blog
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