Two US Senators are reported to have profited off the 2008 financial crisis by making derivatives investments through Goldman Sachs. One of those Senators has since seen the light and currently advocates “get tough” derivatives legislation. And one of these senators will not be a surprise to regular readers of ValueWalk.
Senator who profited off derivatives during financial crisis has seen the light, now sponsoring tough bi-partisan derivatives regulation
Sen. Mark Warner (R-VA), one of those involved in the Goldman Sachs "Abacus" investments, is now co-sponsoring with Sen. Elizabeth Warren (D-MA) what is being described as some of the toughest derivatives legislation since the 2008 financial crisis.
"The largest Wall...
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