Geithner’s Final Trick: Bye Bye Dodd-Frank, Volcker Rule

“Late Friday, just before the sleepy Thanksgiving week when most Americans turn their sights to turkey, Geithner finally got around to dressing [down] his own turkey: Dodd-Frank.  DF is the financial regulatory monster which will create havoc over the entire financial industry, with new rules and regulations. But not for FOG (Friends of Geithner).  With a quiet pen stroke, Geithner exempted $410.8 trillion, or 64%, of the entire OTC derivatives market from impending clamp-downs, which mostly benefits FOG.”

http://www.economicpolicyjournal.com/2012/11/geithners-final-trick-bye-bye-dodd.html

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