Tag: ABC News

Wall Street Eyes Moving Trading to Switzerland (ABC News)

If OTC Derivatives reform is passed as it is in the Senate there is a real chance the majority of OTC derivative trading that goes on today in the US will move offshore. ┬áThis might sound like a great outcome to those that believe derivatives are the root of all evil, however the reality is […]

Political Grandstanding: Wall Street Slams Goldman Sachs Hearings (ABC News)

I don’t have enough information to make an accurate call on the issues between the SEC and Goldman Sachs, but it appears from this ABC News article that my broad thoughts on the issue are pretty common all around lower Manhattan. ┬áThere needs to be two sides to every trade: Kevin McPartland, senior analyst at […]