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New York Times (April 18)

2010/ 04/ 19 by jd in Global News

“Robust reform is the only way to protect the system—and taxpayers—from a repeat catastrophe.” The New York Times says Congress should pass meaningful financial reform which moves derivatives deals “onto transparent, fully regulated exchanges.” Also, Congress should provide resolution authority, allowing regulators to take over failing financial institutions in an orderly manner.

“Robust reform is the only way to protect the system—and taxpayers—from a repeat catastrophe.” The New York Times says Congress should pass meaningful financial reform which moves derivatives deals “onto transparent, fully regulated exchanges.” Also, Congress should provide resolution authority, allowing regulators to take over failing financial institutions in an orderly manner.

“Robust reform is the only way to protect the system—and taxpayers—from a repeat catastrophe.” The New York Times says Congress should pass meaningful financial reform which moves derivatives deals “onto transparent, fully regulated exchanges.” Also, Congress should provide resolution authority, allowing regulators to take over failing financial institutions in an orderly manner.

“Robust reform is the only way to protect the system—and taxpayers—from a repeat catastrophe.” The New York Times says Congress should pass meaningful financial reform which moves derivatives deals “onto transparent, fully regulated exchanges.” Also, Congress should provide resolution authority, allowing regulators to take over failing financial institutions in an orderly manner.