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IPFS News Link • Economy - Economics USA

Banning 'Naked' Default Swaps May Raise Corporate Funding Costs

07-24-2009 • Bloomberg

Naked swaps, where the investor doesn't own the debt on which the contracts are based, have proliferated in the market and may be prohibited under legislation being drafted by House Financial Services Committee Chairman Barney Frank. (Sounds fishy to me)

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Reported By Jean Carbonneau

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