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Legal Commentary

: Economics of Contempt

It's ICE

By Anonymous

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Not that it was totally unexpected, but in the race between IntercontinentalExchange (ICE) and CME Group to get the first CDS clearinghouse up and running, ICE is going to win. ICE just won approval for a New York trust charter from the New York Banking Department. Unless I'm mistaken, the only step left is approval from the Fed, which obviously should be forthcoming.

Full post as published by Economics of Contempt on December 05, 2008 (boomark / email).

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