A Day Decade Late and a Dollar Short
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Potentially big news in the “what you don’t know won’t hurt us” circles of high finance:
(snip)
The antitrust division sent civil investigative notices this month to banks that own London-based Markit to determine if they have unfair access to price information, according to three people familiar with the matter. U.S. lawmakers plan to regulate the $592 trillion over-the-counter derivatives market, which includes credit-default swaps blamed for helping worsen the biggest financial calamity since the Great Depression.
