You are hereBusiness Insider: U.S. Chamber Of Commerce President Mocks Protestors: "Do They Even Know What A Derivative Is?"

Business Insider: U.S. Chamber Of Commerce President Mocks Protestors: "Do They Even Know What A Derivative Is?"


March 14, 2011- The Chamber of Commerce President had a question for the numerous protestors outside a speech he gave in St. Louis.

Tom Donohue, the U.S. Chamber of Commerce President Tom Donohue, was visiting the St. Louis Regional Chamber and Growth Association on Friday to speak about how financial deregulation is key to job creation.

But of course for many reasons, one being one of the subjects of a recent documentary on what caused the financial crisis, deregulation has a lot of opponents. So a group of protestors showed up outside the St. Louis luncheon.

We're not sure what his talk was about, but it appears at least some of it was about the recent regulation of some derivatives on the OTC derivative market, because when the protestors approached him, Donogue questioned why average Americans were there.

He asked:

“Do you think they even know what a derivative is?”

Donohue apparently didn't think it was possible they could know, given that they were protesting on a lawn while derivatives are located on financial markets, far beyond their comprehension level.

FULL STORY HERE:

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