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Warren, Cummings estimate $10 trillion swaps on the books
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Derivatives
Thursday, November 12, 2015
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Sen. Elizabeth Warren (D-Mass.) and Rep. Elijah E. Cummings (D-Md.) stated that a December 2014 amendment to Section 716 of the Dodd-Frank Act has allowed banks to keep $10 trillion of risky trades on their books. Read on for more details.
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