Four Wall Street Banks Still Dominate Derivatives Trade
April 18, 2012 at 08:12 AM EDT
Derivatives are the “meat and meat by-products” of the financial markets. They look, smell and taste just like regular securities, but almost no one understands why we need them in the first place. After all, what’s wrong with actual meat? Or to re-phrase the question: Is Spam really an advancement over ham? More importantly, can [...]