According to PBS Frontline's 2012 four-part documentary, "Money, Power, and Wall Street", regulatory arbitrage, along with asymmetric bank lobbying in Washington and abroad, allowed investment banks in the pre- and post-2008 period to continue to skirt laws and engage in the risky proprietary trading of opaque derivatives, swaps, and other credit-based instruments invented to circumvent legal restrictions at the expense of clients, government, and publics.
According to PBS Frontline's 2012 four-part documentary, "Money, Power, and Wall Street", r,egulatory arbitrage, along with asymmetric bank lobbying in! Washington and abroad, allowed investment banks in the pre- and post-2008 period to continue to skirt laws and en!gage in the risky proprietary trading of opaque derivatives, swaps, and other credit-based instruments invented to circumvent legal restrictions at the expense of clients, government, and publics.