Major U.S. Corporations Against Derivative Reform

The Huffington Post reports today that companies like Apple and Whirlpool want Wall Street to continue trading derivatives in complete secrecy and without an ounce of governmental regulation. Why? Because, apparently, they don’t want to be forced to come up with the capital to back up their deals.

These companies have formed a coalition and have proposed several amendments to the financial reform bill that would, for all intents and purposes, remove any regulation of derivatives from the bill.

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