By Rob Kirby

With the former Investment Banks being granted Commercial Banking status due to the unfolding financial crisis in late 2008, it was widely reported in the mainstream financial press that this “change” would mean that these banks would be subject to more oversight and hence, more transparency would result regarding their derivatives activities.

Ladies and gentlemen, nothing could be further from the truth. View the Q1/09 Quarterly derivatives report here.

Continue Reading Deceptions, Deceit and Distrust

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