12.12.2010

Because what you don't know won't hurt you, sucker

Post-Meltdown, Banks Still Rule Derivatives Trade - NYTimes.com

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives...

The banks in this group...have fought to block other banks from entering the market, and they are also trying to thwart efforts to make full information on prices and fees freely available.

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