Derivatives Chapter News Today

>> its going to be really, really interesting to see how they justify these synthetic cdos. now, let me translate what synthetic cdo means. it means we made up something that people can bet on. thats what it means. >> uh-huh. >> theres no societal benefit. theyre not raising capital for a business. they are just creating something so people can bet on it with less regulation than las vegas. so, obviously, the derivatives chapter is very important for regulation and also being able to bust up the...