Protecting the Snake Oil Biz 0
Sure, you could argue that snake oil probably doesn’t do any harm. Whoops.
But let’s keep selling it anyway.
(snip)
Today, just as the bankers anticipated, a battle over derivatives has been joined, in what promises to be a replay of a confrontation in Washington that Wall Street won a decade ago. Since then, derivatives trading has become one of the most profitable businesses for the nation’s big banks.
Get your credit default swaps and derivatives here:
