All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: NickSE who wrote (8772)	2/10/2000 9:16:00 PM
From: NickSE	Read Replies (2) of 42523

Cirque de Greenspan rolls on... ~~~~~ Greenspan Eyes Derivative Exemption newsday.com WASHINGTON (AP) -- Federal Reserve Chairman Alan Greenspan urged Congress on Thursday to act quickly to exempt from regulation the $80 trillion market in so-called over-the-counter derivatives, saying legal uncertainty is posing "unacceptable risks to the country's financial system."... ...Greenspan, testifying before the Senate Agriculture Committee, asked lawmakers to adopt the recommendations of a White House task force, which included EXEMPTING over-the-counter derivatives from government regulation and allowing the financial institutions using them to police the market THEMSELVES... (hohoho)

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