I think there is consensus that the over-the-counter derivatives market proved to be a tremendous source of systemic risk during the last crisis.
Maxine Waters: “I think there is consensus that the over-the-counter derivatives market proved to be a tremendous source of systemic…”
Editor's note · Context
Waters highlights the risks posed by the derivatives market leading to the financial crisis.
Share
More from Maxine Waters
I encourage all Members to vote ``yes'' on Ms. Garcia's amendment to strengthen the Bank Secrecy Act and anti-money laundering requirements for foreign investment advisers. This reasonable and well-considered provision will ensure…
Congress has finally woken up to the need to prioritize housing affordability and this bill is an important step to reducing costs for Americans. However, the enactment of this law should not mean the end of our advocacy in Congress for…
Mr. Speaker, this is a good bill that will help community banks. The bill is supported by the National Bankers Association and the Community Development Bankers Association, and I am very pleased to support it. As we have discussed, there…
Our economy is struggling. People cannot afford groceries and gas. Every day, it seems more and more people are getting laid off. The American Dream is increasingly out of reach. A core engine of our economy has always been the…





