Sen. Richard Shelby: Limiting Derivatives 'Might Be a Good Idea'

Republicans could support a Democratic proposal to limit trading of derivatives, Sen. Richard Shelby, R-Ala., said today on "Good Morning America." "That might be a good idea," the ranking member on the Senate Banking Committee said. "I haven't seen all the details of it, but I can tell you when they use other people's money, especially when they rely on the taxpayer to do this kind of risk-taking, if something goes wrong they take the whole system down. We don't need this." Derivatives, or...Full Story
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