Government Needs To Regulate Big-Five Derivatives Banks

[Parsad]

I'm perturbed by the fact that after such a catastrophic credit crisis, mostly created by off-balance sheet risk from derivatives, the U.S. government is taking an overly measured approach to regulating this market.  This article discusses how 97% of the notional value of derivatives contracts in the banking industry are under the control Goldman Sachs, JP Morgan, Bank of America, Citigroup and Wells Fargo.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601109&sid=af6uIAFTSorY&pos=10