Credit Swaps Industry Says Limits Would Hamper Market (Correct) (Bloomberg)

Posted in Credit Card Debt, Loan Modifications by admin on January 30th, 2009

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(Corrects to show Dinallo proposed regulating contracts with underlying bonds in 10th paragraph.) Jan. 29 (Bloomberg) — A draft of a bill aimed at reining in $28 trillion of credit-default swaps would hinder recovery of debt markets, according to academics and an industry group.

Credit Swaps Industry Says Limits Would Hamper Market (Update1) (Bloomberg)

Jan. 29 (Bloomberg) — A draft of a bill proposing to rein in the $28 trillion market for credit-default swaps would hinder recovery of debt markets, according to academics and an industry group.

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