The week Wall Street capitulated
“Enough! Just sell my stock, sell me anything with credit risk and buy T-bills – at least I know I’ll get my money back”
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Thursday October 9: Christopher Cox, chair of the SEC: urged Congress and Treasury to regulate the credit derivative market |
As the bandwagon to clampdown on credit derivatives gathers pace, Christopher Cox, chair of the SEC, says that Congress should act to allow the regulation of the credit default swap market.
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