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Strategies & Market Trends : Waiting for the big Kahuna
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To: Skywatcher who wrote (90591)10/15/2009 3:32:20 PM
From: puborectalis  Read Replies (2) of 94695
 
WASHINGTON (Reuters) - The Obama administration scored its first financial regulation reform victory in months on Thursday when a U.S. congressional committee approved new regulations for over-the-counter derivatives.

In a 43-26 decision, the House of Representatives Financial Services Committee voted in favor of slapping new rules on the largely unpoliced $450-trillion OTC derivatives market, widely blamed for amplifying last year's financial crisis.
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