Big Banks Are Once Again Taking Risks With Complex Financial Trades, Report Says
Are banks exploiting a loophole in U.S. rules that allows some derivatives traders to escape federal regulation? "We've seen this movie already," said the report's author, Michael Greenberger.
Big banks are skirting the rules on the sale of the complex financial instruments that helped bring about the 2008 financial crisis, by exploiting a loophole in federal banking regulations, a new report says.
The loophole could leave Wall Street exposed to big losses, potentially
