Monday, April 26, 2010

The mysterious “Fed staffers” document

Courtesy of the Financial Times, here are four pages of "Fed staff" comments on the Dodd financial reform bill: av.r.ftdata.co.uk/files/2010/04/Senate-Ag-bill-comments-april-24-2010-FED.pdf.

According to the Times:
It details seven areas where derivatives-related reform needs a comprehensive re-draft — a re-draft that might have the handy side-effect of helping Wall St banks avoid having to spin off their derivatives operations.

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