Regulating derivatives could do more harm than good

Rep. Eric Cantor, R-Va., writes that lawmakers are focusing on an easy target -- the derivatives market -- rather than identifying and tackling the root causes of the global financial crisis. Cantor, the Republican whip, warns that new regulations being considered by Congress could do irreparable damage to businesses and consumers. "Rather than the tool for gross financial manipulation it is portrayed to be, the derivatives market plays a very important role in solidifying the competitiveness of American businesses," Cantor writes.

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