Thursday, December 30, 2010

"Derivatives Clearing Group Decides Against Registration"

The world's biggest semi-secret scandal. When the derivatives bubble pops, you will see an implosion that you can hardly imagine. There will be no bailout big enough to slow down that calamitous fall. A small excerpt for analysis and commentary, "The world’s largest clearinghouse for credit-default swaps, ICE Trust, has had second thoughts about registering with regulators, citing concerns over new rules devised to bring transparency to the $600 trillion derivatives market." Repeat...$600 Trillion

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