Argument: Financial reform will make derivatives market transparent

Support

“GOP Concerns Over Bailouts ‘Almost Laughable,’ Pelosi Says”. The Wall Street Journal. April 2010 President Obama: “I am confident that…we have a strong mechanism to regulate derivatives, something that we have not had, a derivatives market that is in the shadow economy but is enormously powerful, enormously risky—we want to get that into daylight so that regulators and ordinary Americans know what’s going on when it comes to this huge segment of the financial system.”