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Shuffling Derivatives Reforms

June 3, 2010 - by Donny Shaw

According to reports, Blanche Lincoln's tough provision requiring banks to "spin-off" their derivatives trading operations into separate entities that would not have access to discount Fed money and an FDIC guaranteeis going to be dropped next week by the conference commitee negotiating teh final financial reform bill. But the provision is giving reform advocates a chance to push once again for the almost-as-tough Merkley-Levin "Volcker Rule" amendment, which was blocked by Senate Republicans and bank lobbyists from even getting a vote during the Senate debate.

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