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Politics : Formerly About Advanced Micro Devices

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From: zzpat	2/7/2018 12:40:45 PM
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*More regulations, not less or we'll suffer a collapse bigger than the Great Recession. ETFs need to be regulated ($VIX will stop trading on Feb. 28).* "I'd implore ... the regulators and the financial services industry to deal with the crazy instruments that have been created that are destroying the best capital market in the world," he said Wednesday on CNBC's " Halftime Report. The VelocityShares Daily Inverse VIX Short-Term, which trades under the ticker symbol XIV, declined 93 percent on Tuesday, a day after the CBOE volatility index, or VIX, surged by 115.6 percent. XIV is issued by Credit Suisse and is supposed to give the opposite return of the VIX. After the price collapse, Credit Suisse announced it is triggering the liquidation of the product. CNBC

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