Crimping derivatives speculation

us-money2The $450 trillion over-the-counter derivatives market, which added greatly to the economic crash, will be under scrutiny as Congress considers how to curb speculation in credit default swaps.  School of Law Professor Tamar Frankel, an authority on securities law, says regulating CDSs would help.

“Credit default swaps are chisels with which our brokers, dealers and investment bankers have separated the building blocks of the financial assets system, with the blessing of past regulators.”

Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

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