Derivatives Market - Is it of enormous risk?

Obama called the derivatives market “an entire shadow system of enormous risk” and pledged to make it more transparent.

“Derivatives are a huge potential risk to the system,” he said. “We are going to make sure that they have to register, that they are regulated, that you have clearinghouses.”

Well, I-Banks activities now will be more controlled.

Obama Warns Banks Not to Forget U.S. Was Near ‘Abyss’ (Update2) - Bloomberg.com

Source: www.bloomberg.com

President [bn:PRSN=1] Barack Obama [], warning Wall Street not to forget how it almost caused the financial system to collapse, said “sensible” new rules are needed to tighten oversight and restore confidence in U.S. markets.