The hearing before the Senate Banking Committee is set for 10 a.m.
Tim Johnson, Democrat of South Dakota, committee leader:
“How can a bank take on ‘far too much risk’ if the point of the trades was to reduce risk in the first place? Or was the goal really to make money?” Mr. Johnson said in prepared remarks. “As the saying goes, you can’t have your cake and eat it too.”
The hearing before the Senate Banking Committee is set for 10 a.m.
If you are like me and love visuals that show comparisons as a means of helping people appreciate just how big or large something is, check out this site and visual regarding the value of the current derivaives.
Go to it’s main page for other financial related visuals. Especially this one on the cost of the wars in money AND people.
Gee, I don’t think I heard anything new that was important. Did I hear him warn against businesses leaving the country? Did it seem as though some of the critters were asking him what he wanted them to do like they worked for him and not their constituents?