The main regulator of derivatives (bets on bets), wants to extend Dodd-Frank regulations to the foreign branches and subsidiaries of Wall Street banks. But JPMorgan CEO Jamie Dimon would greatly prefer this not happen.
Gas prices are rising not because of increased demand but because Wall Street is betting on higher gas prices.
At bankruptcy hearing, an MF Global executive said 'Mr. Corzine was aware' of misused customer funds. About $1.2 billion is still unaccounted for after the bankruptcy.
Former CEO Jon Corzine testified before Congress on the bankruptcy of investment firm MF Global. Its swift collapse in late October recalled events leading to the financial crisis of 2008.