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There’s Something Absolutely Insane Happening In The House Right Now. Something absolutely insane just happened in the House of Representatives. To fully appreciate this insanity, we have to take an unpleasant but brief trip down memory lane — back to the darkest days of the 2008 financial crisis. Insurance giant American International Group (AIG) was on the verge of collapse, and the U.S. government stepped in with an $85 billion bailout. The risky behavior that drove AIG to the brink was largely fueled by a financial instrument known as derivatives trading. In the wake of the financial crisis, many people were less than enthusiastic about the prospect of footing a multi-billion dollar bill every time Wall Street gambled its way into a corner.
So, when Congress passed a new set of financial regulations known as Dodd-Frank in 2010, it included a provision that required banks to conduct some forms of derivatives trading in a more isolated way in an effort to reduce risk and make government bailouts less likely. But wait, there’s more. 65 Books You Need To Read In Your 20s. Meat Beer Babes & All things real men crave. ThisIsWhyImBroke.com :: The Internet's Mall. Pokemon Fusion. Escape From The Fishing Community Island.
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