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They should probably wait until finance reform bill is cleared based on this from Obama
Obama delivered the veto threat at a meeting Friday of his Economic Recovery Advisory Board, led by former Federal Reserve chairman Paul Volcker.
"I will veto legislation that does not bring the derivatives market under control and some sort of regulatory framework assures that we don't have the same sort of crisis we have seen in the past," Obama said.
Not the ideal conditions to introduce new derivatives to the market.
letter from Cantor RE regulatory approval - they are delaying the launch which was supposed to happen tomorrow Apr 21, 17:03
SHORT CANTOR!!!!! Apr 21, 17:21
They should probably wait until finance reform bill is cleared based on this from Obama Apr 21, 18:44