Now not only is Dodd being picked on for his politics, but for the fact that his wife works at the CME. I think this is a bit blown out of proportion, but per my comments in the article there is no denying that proposed legislation will help the exchanges looking to clear OTC Derivatives.
“There is no question the proposed legislation benefits the clearinghouses, including the CME,” said Kevin McPartland, a senior analyst with New York-based TABB Group. “Right now only a small percentage of credit derivatives clear on an exchange-owned clearinghouse. That would change with this law.”