Monday, April 26, 2010

The Mysterious "Fed Staffers" document that stalled the Dodd bill

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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