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To: LLCF who wrote (11841)12/13/2001 10:02:47 PM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 74559
 
Last I heard was that the Fed was "urging" the house to pass the law: INO.com (link strangely disappeared the same day).

Swap derivatives industry is urging Congress to pass the dealers "netting" law which is meant to allow dealers to net all positions of a client in case of insolvency. Stormwatch Oct 19.

AFAIK, not passed yet.
Less urgent as gold and silver have been retrieved at ground zero :-7