With efforts to regulate the trading of derivatives stalling in the Senate Banking Committee, members of the Senate Agriculture Comittee are taking a stab at it, hoping to add it to an 0verall financial reform bill the banking panel is crafting. Law Professor Elizabeth Nowicki, both a former SEC attorney and Wall Street lawyer, says unregulated derivatives trading crashed the economy and regulating them is the only way back.
“If Obama truly wants to fix the economy, he needs to make derivatives his priority. Derivatives are truly the Tonya Harding of the economy.”
Contact Elizabeth Nowicki, 617-353-2807, email@example.com