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Top CME brass met today with customers and futures industry bigwigs to consider an insurance...

Top CME brass met today with customers and futures industry bigwigs to consider an insurance fund to help safeguard trader capital in the wake of MF Global and Peregrine. Such a move would be a reversal for CME, which thinks a fund would be too costly and encourage moral hazard risk in the same way federal guarantees allow banks to play fast and loose.
Comments (2)
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    the best insurance for these firms is to stay close to obama
    just ask corzine
    16 Aug 2012, 03:21 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    In general a capital cushion against loss damage is prudent...on the other hand, such an insurance fund could be interpreted as extortion if criminal prosecutions of perpetrators are continually dropped...
    16 Aug 2012, 04:39 PM Reply Like
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