Comments for Doing Business Under One Roof and Breaking Off Derivative Trading at http://www.cepr.net , comment 1 to 5 out of 5 comments http://www.cepr.net Sat, 25 May 2013 10:47:25 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/beat-the-press/doing-business-under-one-roof-and-breaking-off-derivative-trading/#comment-681 European banks don't want the derivative market--at least not in any form in which it currently exists. Read the piece in today's Der Spiegel on their view toward derivative reform. And if the English want it, let them have it, and good riddance. - diesel Wed, 26 May 2010 11:44:14 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/doing-business-under-one-roof-and-breaking-off-derivative-trading/#comment-680 Why do the derivatives desks need to be split off from the bank if derivatives are going to be moved onto a clearinghouse or exchange model? That alleviates the risk that the government will have to make good on a failed dealer's obligations. If this provision passes, it will just push derivatives business to the European banks. After Lehman, buy side clients are very aware of counterparty risk and would much rather face giant banks with implicit or explicit government guarantees instead of a thinly capitalized spinoff of Goldman or Citi. All that would accomplish is to help London at the expense of Wall St. - Bill Ferensen Wed, 26 May 2010 11:29:23 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/doing-business-under-one-roof-and-breaking-off-derivative-trading/#comment-676 Keep it up Izzatzo. I, for one, enjoy your juggling and tumbling with its mixture of wit, irony and allusion. Every King needs a court jester. - anon Wed, 26 May 2010 06:42:18 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/doing-business-under-one-roof-and-breaking-off-derivative-trading/#comment-674 OMG! Again, I made the mistake of looking at the comments on Dean's posts when there's only one comment. As I should have expected, the comment was by Izzatzo, so I realized I had wasted a few seconds. This person, in an apparent delusion, seems to think it's the Dean Baker/Izzatzo blog, and that folks eagerly await HIS comments as much as Dean's. I NEVER look at his comments anymore ... such a waste of my time. - AbqMike Wed, 26 May 2010 05:31:33 +0100 http://www.cepr.net/index.php/blogs/beat-the-press/doing-business-under-one-roof-and-breaking-off-derivative-trading/#comment-673 Now look here, if nanny statists are going to use government regulation to lay out the proper way to do one-stop-shopping, at least consult an expert on economic freedom like John Stossel or Rand Paul. Just exactly what do you think those people were doing at the Woolworth lunch counters in the early '60s? They were using the government to [i]force[/i] freedom loving proprietors to sell them sandwiches, soda pop and derivatives under [i]one-stop shopping[/i] weren't they? You statist socialists get it backwards every time. Capitalism is about the sellers, not the buyers. Anyone who wants to offer one-stop shopping should be free to do so or not, depending on who walks in the door, and now you mushy minded socialists can't even decide which way to regulate, turning it all upside down, telling the same sellers they [i]can't[/i] offer one-stop shopping. Stupid liberals. - izzatzo Wed, 26 May 2010 02:52:36 +0100