The Commodity Futures Trading Commission and Securities and Exchange Commission will have authority to decide what derivatives must be centrally cleared rather than letting private parties make the call.

&#8220-Central clearing interposes a regulated clearinghouse between the original counterparties in a derivatives transaction and so creates an opportunity to make dealing more transparent.&#8221-

CNBC video


Tobin Tax = a tax on financial transactions

No Gravatar

Sounds like Jason Ruspini shouldn&#8217-t lose sleep over it &#8212-it won&#8217-t happen:

Previously:

Paul Krugman Tries to Foist Specious Argument in Tobin Tax Debate.

Jason Ruspini is against the Tobin Tax.

Auditing the Federal Reserve – Ron Paul style