The ongoing financial crisis has made it apparent to nearly everyone that we must move the over-the-counter derivatives market from one that takes place under the table to one that happens out in the open.
Kanjorski calls for transparency in the derivatives market due to the financial crisis.
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I believe this legislation is vital to maintaining the health and stability of our financial systems.
If Congress missteps, we run the risk of driving this market overseas and limiting the ability of companies to manage risks associated with their business practices.
I sympathize with the constituents of my friend from New York, Mr. Ackerman. When you hear some of the stories from the testimony of the Inspector General, that if only somebody turned around when they were examining the Madoff operation…
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