The government came very close to shutting down last night, something that was said would never happen again. All week reports from “inside” the beltway were confident in their official sources and political operatives who were predicting the spending bill would sail through Congress. Derivatives bailout putting consumer bank accounts at risk That didn’t happen. What’s more, the lead of the story, that a derivatives bailout was the key provision putting at risk consumer bank accounts, seems to be getting buried. But don’t be fooled. Keep your eye on this issue, because what is being witnessed is a display of…
Fight Wages Over Linking Derivatives To Bank Accounts
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.