The Treasury Department released its very important decision to exempt foreign exchange swaps and forwards from financial regulation late Friday night, most likely to avoid media coverage (not coincidentally just before the Thanksgiving Day holiday) and basically force reporters to just report the Treasury's press release and nothing else). We cynics might conclude, a one-sided and incomplete story is the real goal. U.S. Treasury Exempts Foreign Exchange Swaps From Dodd-Frank Geithner's ultimate gift to some WS shysters (the ones who favor privatizing the profits and having taxpayers on the hook for systemic risk it poses, before he probably rejoins their ranks. http://www.bloomberg.com/news/2012-11-16/u-s-treasury-exempt...
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