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http://www.SoberLook.com/
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http://narrowtranche.blogspot.com/2009/06/bloomberg-hypes-up-derivatives-revenues.html
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Sober Look: Bloomberg hypes up derivatives revenues, but the headline is misleading

Ed · 5 months ago

Or maybe you should read the press release. $9.1 of the $9.8 billion in revenue was from interest rate contracts. Which are derivatives.

Basically, the Bloomberg headline is accurate, and there is far more detail in the report than you imply.
SoberLook · 5 months ago

"interest rate contracts" does not mean derivatives. Much of it is repo.