Banks Get Delay In New Rule, Keeping Taxpayers On The Hook For Risky Trades

From ThinkProgress Fri Jan 4 2013, 19:00:28

Regulators have decided to delay rules that would have required Wall Street banks to isolate some of their risky derivatives trading in entities not backed by taxpayers. Banks will now have until at least 2015 to comply with the rules, Bloomberg News reports: JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS) and Bank [...]

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