''Gensler Evolving in Derivatives War Sees No Deed Go Unpunished'' BLOOMBERG

''..Wall Street has emerged as Gensler’s biggest nemesis. JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc. (C), Goldman and Morgan Stanley controlled 96 percent of the $321 trillion derivatives contracts held by U.S. banks in the first quarter, the Office of the Comptroller of the Currency says. The $321 trillion notional amount represents the estimated value of the assets that underlie the derivatives.

Goldman and the others make more than $30 billion in annual profit in financial derivatives trading, according to financial consultant Oliver Wyman, a unit of Marsh & McLennan Cos., the world’s second-biggest insurance broker.

Dodd-Frank would weaken that grip. The law, which gives the CFTC regulatory powers over 80 percent of the U.S. derivatives market, pushes as much swaps trading as possible onto futures exchanges and to new trading platforms called swap execution facilities..''

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Υ.Γ. Μετά τα αφερέγγυα στεγαστικά δάνεια, τα κρατικά ομόλογα, τα παράγωγα ίσως είναι η επόμενη φούσκα που αν σκάσει θα παρασύρει το σύστημα στην καταστροφή.. Η μάχη για να μην ρυθμιστεί η αγορά τους, δεκα[λάσια από την αγορά ομολόγων, εξελίσσεται στην Αμερική