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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (37006)9/13/2005 10:36:58 AM
From: mishedlo  Read Replies (1) of 116555
 
Fed Calls in Bankers for Failure to Erase Backlog of Derivatives Paperwork

Sept. 13 (Bloomberg) -- The Federal Reserve Bank of New York called in representatives from 14 of the world's largest banks because a failure to erase a backlog of paperwork in the $8.4 trillion market for credit derivatives concerns regulators.

bloomberg.com
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