European Leaders Call for Crackdown on Derivatives

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European Leaders Call for Crackdown on Derivatives

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By Lynnley Browning and Matthew Saltmarsh

Published: March 9 2010 NYT

Goldman Sachs had a bright idea for its clients: buy credit-default waps - those controversial instruments that helped trip up the American International Group - in case certain nations ran into financial trouble.

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Tags: Derivatives, Goldman Sachs, American International Group, Gary Gensler, Commodity Futures Trading Commission, DerivAlert, European Parliament, Over-the-Counter Derivatives, Tradeweb, Derivatives Reform, Derivatives Exchanges, Credit Default Swaps, Barack Obama, Greece, Angela Merkel, George Papandreou, Jose Manuel Barroso

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European Leaders Call for Crackdown on Derivatives

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