“More government regulations are always a bad idea, however, it should be noted when banksters get special privileges around regs.  Dodd-Frank calls for regulation of swaps. The Treasury just announced that its final determination is that foreign exchange swaps are exempted from the definition of ‘swap’ and are not to be regulated under Dodd-Frank.  What’s particularly noteworthy about this is that the Federal Reserve did a lot of its propping up of foreign banks during the financial crisis via foreign exchange swap lines.”

http://www.economicpolicyjournal.com/2012/12/treasury-exempts-foreign-exchange-swaps.html

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