Monday Apr 26, 2010
Rick Santelli on CNB C suggested months ago that derivatives should be put on the exchanges so that everyone could see what they are worth, who issues them, ie, real transparency, real rules. This is one of the provisions of the Financial Reform Bill.
The NY Times, courtesy of the Senate, has released lots of damning e mails indicating Goldman profited from betting against their own clients. Lesson, be careful what you put in an e mail…
But, will anyone at Goldman really suffer, even have to give back a bonus, I doubt it.
Professor Elam 
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