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Bravo, Chairman Gensler!

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March 14, 2010 – Comments (3)

Kristjan Velbri at Economic Reality has a great piece on Chairman Gary Gensler of the CFTC proposing changes to help get to the root of the problem in the Credit Default Swap Market. This is a very positive development!. On the other hand, the Federal Reserve is undermining this effort by encouraging more risk in the CDS market. See PSW: The Fed / CDS Development. I sincerely hope that cooler (and smarter) heads like Gary Gensler's will prevail.

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Bravo, Chairman Gensler!
Posted by Kristjan Velbri  |  Posted in Financial Regulation  |  Posted on 13-03-2010

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3 Comments – Post Your Own

#1) On March 15, 2010 at 10:18 AM, eldemonio (98.60) wrote:

So, how long before they run this guy out of his post?

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#2) On March 15, 2010 at 10:19 AM, eldemonio (98.60) wrote:

So, how long before they run this guy out of his post?

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#3) On March 15, 2010 at 10:43 AM, binve (< 20) wrote:

Hey eldemonio! My guess, not very long :(

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