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Rep. Frank Says Congress Will Move To Halter Credit Swaps

WASHINGTON--Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said today that Congress will likely move next year to require companies which insure credit default swaps, s

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WASHINGTON–Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said today that Congress will likely move next year to require companies which insure credit default swaps, such as American International Group, to at least partially reserve against potential losses.

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