Swaps Dealers Prepare Defense as Obama Predicts ‘Big Battle’ (Bloomberg)

The OTC derivative reform debate has clearly moved from one over market structure to one over politics.  Whether one is a Republican or Democrat should have nothing to do with determining the best market structure going forward – but I’m not so naive.  From the story:

“Lincoln’s bill has made the situation much more contentious than it already was,” McPartland said in a telephone interview.

Full story at Bloomberg.com

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