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"Very important for these firms is security.
Some states had exacting supervisory standards for these firms.
There is no way for these firms to differentiate themselves positively.
So payoffs for these firms are going to depend on profits, the payoffs.
At some level, it appears that markets hold high expectations for these firms to grow.
So it takes many years for these firms to show returns on new projects.
But more potentially damaging for these firms is its call for most O.T.C. derivatives to be traded on exchanges.
But because their revenues are also in foreign currency, the balance sheet effect would be quite limited for these firms.
The question is why the replacement of inside (non-independent) directors with independent directors is harmful for these firms.
And it surely is not efficient for these firms to have partners make court appearances on such mundane matters.
Imperial chief executives have been blamed for these firms' collapse, yet they did brilliantly at JPMorgan and Santander.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com