{"id":193731,"date":"2008-11-20T20:51:00","date_gmt":"2008-11-21T01:51:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/20\/senator-harkin-to-introduce-bill-to-force-derivatives-onto-regulated-exchanges\/"},"modified":"2008-11-20T20:51:00","modified_gmt":"2008-11-21T01:51:00","slug":"senator-harkin-to-introduce-bill-to-force-derivatives-onto-regulated-exchanges","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/20\/senator-harkin-to-introduce-bill-to-force-derivatives-onto-regulated-exchanges\/","title":{"rendered":"Senator Harkin To Introduce Bill to Force Derivatives Onto Regulated Exchanges"},"content":{"rendered":"<p>I think that it&#8217;s a good idea, because <a href=\"http:\/\/online.wsj.com\/article\/SB122721812727545583.html\">the markets need transparency<\/a>:<\/p>\n<blockquote><p>Senate Agriculture Committee Chairman Tom Harkin plans to introduce a bill Thursday that would force all over-the-counter derivatives, including credit-default swaps, onto regulated futures exchanges.<\/p><\/blockquote>\n<p>The problem for some folks, like hedge funds and former Lehman employees is that this will <span style=\"font-weight:bold;\">shut their business model down<\/span>, because it is predicated on secrecy.<\/p>\n<p>It&#8217;s not a problem for me, though.  Just shut it down, and the stuff that continues, let a Commodity Futures Trading Commission with serious teeth aggressively enforce this.<\/p>\n<p>Any business model that is predicated on information asymmetry and secrecy is dishonest at its foundations, and should be restricted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I think that it&#8217;s a good idea, because the markets need transparency: Senate Agriculture Committee Chairman Tom Harkin plans to introduce a bill Thursday that would force all over-the-counter derivatives, including credit-default swaps, onto regulated futures exchanges. The problem for some folks, like hedge funds and former Lehman employees is that this will shut their &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[998,1004,1020,985],"tags":[],"class_list":["post-193731","post","type-post","status-publish","format-standard","hentry","category-congress","category-finance","category-legislation","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193731"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193731"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193731\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}