so behind the curve as our guest former nymex board member david greenberg says we'll hear from him plus we saw oil rebound after it had closed its lowest in eight weeks and reportedly if you look at the headlines this is because of china and speculation about stimulus but really when you step further back what has changed so much in the world that oil has gone from fifty dollars a barrel in two thousand and seven to over ninety now just five years later maybe it doesn't add up we will hear from our guests and plus we are in new york on a day that u.s. g.d.p. was revised down one point three percent on an annualized basis that is not very much growth it is pretty paltry now a little bit of trivia nine hundred twenty nine stocks crash it saw effects in times square so we headed out to times square for a special loose change to see if we're seeing any impact from what's going on in the economy now let's get to today's capital account. all right so as i said at the top of the show the e.u. parliament committee voted unanimously for tighter restrictions on banks trading in this included curb

about swaps and swap regulations and the the evolution of swaps and derivatives so more with david greenberg on that. so we're getting into this exotic derivatives market now because it's kind of funny we went from derivatives to exotic derivatives well these it's just one more way for these traders and other companies to try to raise money for their for their balance sheets whether or not there's a real purpose for every swap and every o.t.c. product that would be an interesting question ok and the takeaway is that exchange is don't solve any of those issues and they also put into the equation a profit motive which would then what incentivize just more derivatives more market making for these kind of exotic derivatives exactly clear ports started out with i think fourteen products and now it has three hundred you know exchanges bottom line when we all went public we all there was a shift. no when you're a public you have to have your quarterly earnings you have to be your numbers every every quarter and you're going and with all companies now what i see and i think this is part of the probl

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