On the recordSeptember 16, 2009
the language in the Treasury proposal could be read to force--to force--clearinghouses to treat transactions as fungible, which could have a negative systemic risk implication.
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congress.govthe language in the Treasury proposal could be read to force--to force--clearinghouses to treat transactions as fungible, which could have a negative systemic risk implication.
Scott warns about potential risks in the Treasury's proposal regarding fungible transactions.
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