Derivatives, Futures, Options, Swaps etc – Government Hearings

Derivatives, Futures, Options, Swaps etc – Government Hearings

• AIG
• CFTC
  • Brooksley Born
  • Gary Gensler
• ISDA – International Swaps and Derivatives Association
• GLBA – Gramm-Leach-Bliley

1980s

• 1985 0617 – GOV (House) – Options Market and the National Market System
  • [PDF-869p-GooglePlay, VIDEO-?]
  • House – Committee on Energy and Commerce – Subcommittee on Oversight and Investigations

1990s

• 1998 1001 – GOV (House) – Risks of Hedge Fund Operations – Hedge Fund Operations Risks – Long Term Capital Management (LTCM) – 4:32:xx
  • [PDF-p, VIDEO-CSPAN] ->not on govinfo.gov
  • Greenspan, Leach, Frank, Kanjorski,
  • William J. McDonough – President, Federal Reserve Bank of New York
  • House – Banking Committee
  • … testimony on hedge funds and their effect on the global economy. Federal monetary officials, investors and professors testified.
• 1998 1001 – GOV (House) – Risks of Hedge Fund Operations – Hedge Fund Operations Risks – 2:40:xx
  • [PDF-p, VIDEO-CSPAN]
  • Brooksley E. Born, CFTC-Chair 
  • Julie L. Williams – Comptroller of the Currency (Acting) –  Department of the Treasury

2000s

• 2008 1014 – GOV (Senate) – The Role of Financial Derivatives in the Current Financial Crisis, CSPAN –  Hearing to Review the Role of Credit Derivatives in the U.S. Economy
  • [PDF-135p, VIDEO-CSPAN] – <mp3, mp4> 
  • Senate – Committee on Agriculture, Nutrition, and Forestry
  • Tom Harkin (IA), Eric Dinallo (NYSID)
  • Testimony Dinallo Before the Senate Ag Committee_1.pdf – 8p
  • 3:43:00 – Chairman Senator Tom Harkin (D-IA) 
    • (p65) – But I think that for some reason, that concerns me, that we are just developing these instruments, as I mentioned, the collateralized debt obligations, the collateralized mortgage obligations, the credit default swaps, all these things going back, even back when Fannie Mae started those things back in 1983.
      • And I am not certain, I am not convinced that there was a demand out there for these.
      • It is just people got together and said, we have got a new product here.
      • We can market it and we can make money on it.
      • And they kind of took on a life of their own.

• 2009 0604 – GOV (Senate) – Regulatory Reform and the Derivatives Market
  • [PDF-196p]
  • Ben Nelson (D-NE), Gary Gensler (CFTC)
  • Senate – Committee on Agriculture, Nutrition, and Forestry