Wall Street Ethics, Derivatives Rules Loopholes, The Weirdness of PFGBest and More
5. Let's Get Real
One man's loophole is another man’s livelihood.
—Bart Chilton, a Democratic commissioner, concerned that regulators were creating loopholes wide enough for Wall Street to exploit with the new derivatives rules, which include a crucial exemption whereby many non-financial companies and small banks are excused from certain provisions of Dodd-Frank.
Source: New York Times