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Why We Need Derivatives Regulation

What caused the 2008 credit crisis? Loose monetary policy surely played a part. So did compensation plans that encouraged executives to take huge risks in the quest for short-term profits. Full Article at Dealbook

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  1. WASHINGTON (Reuters) - Credit card issuers' recent actions prove that lawmakers should move up the effective date of new restrictions on card interest rates and fees, U.S. Representative Barney Frank said on Thursday. Full Article at The Washington Post

  2. WATER FLOWS DOWNHILL, goes the hoary adage, but the same can't be said for credit. Corporations have been willing and able to borrow and issue bonds at a record pace this year. For consumers and small businesses, it's been just the opposite. Full Article at Barron's Online

  3. Cash for clunkers did not appear to slow the contraction in consumer credit that Wall Street had hoped, as the Federal Reserve's monthly reported loans fell for the seventh consecutive month. Full Article at Forbes

  4. The interest rate on Annabelle Swanson's major credit card took a hike last month, rising from 11.9 percent to 13.4 percent. Full Article at Hartford Courant

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  1. NEW YORK - NOVEMBER 30:  Photos are displayed during the FOEDUS USA Foundation's A Journey to La Dolce Vita at The Setai Wall Street on November 30, 2009 in New York City.
  2. NEW YORK - NOVEMBER 30:  Directors Donal Mosher and Michael Palmieri attend IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  3. NEW YORK - NOVEMBER 30:  Actors Stanley Tucci and Natalie Portman attend IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  4. NEW YORK - NOVEMBER 30: Director Jim Sheridan speaks onstage at IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  5. NEW YORK - NOVEMBER 30:  Director Ry Russo-Young poses backstage at IFP's 19th Annual Gotham Independent Film Awards at Cipriani, Wall Street on November 30, 2009 in New York City.
  6. The Gate building, 2nd left, of Dubai International Financial Center, DIFC, remains closed today due to Eid al-Adha holidays in Dubai, United Arab Emirates, Saturday, Nov. 28, 2009.
  7. NEW YORK - NOVEMBER 18:  (L-R) Wall Street financier Steven Rattner and managing editor of Fortune Magazine Andy Serwer attend the FORTUNE Breakfast and Conversation with Steven Rattner at Time & Life Building on November 18, 2009 in New York City.
  8. Protestors hold signs behind Richard Fuld, Chairman and Chief Executive of Lehman Brothers Holdings, as he takes his seat to testify at a House Oversight and Government Reform Committee hearing on the causes and effects of the Lehman Brothers bankruptcy, on Capitol Hill in Washington, October 6,...
  9. WASHINGTON - NOVEMBER 19:  Former Cuban political prisoners listen to testimony from witnesses during a hearing of the House Foreign Affairs Committee on the travel ban for U.S. citizens to Cuba on Capitol Hill November 19, 2009 in Washington, DC.

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