Arbitraging Catastrophe: We're All in Danger - And It Could Get a Lot Worse

By Richard (RJ) Eskow
November 1, 2012 - 1:14pm ET

It's a sign of our shadowy times that the latest regulatory "reform" bill hasn't been laughed out of Washington. Same goes for the latest bankers' complaint, this time about being asked to cover their own bets. And if you think it's bad now, wait and see what happens if Romney takes over.

Think "global catastrophe."

While bank-friendly politicians offer insipid legislation, the world economy is still at risk. And it could get worse.