6 Steps To Better Market Regulation

Law360, New York (September 24, 2008, 12:00 AM EDT) -- It's easy to be forgotten when there's a $700 billion bailout on the table.

The words of Securities and Exchange Commission Chairman Christopher Cox were somewhat lost in the commotion of Treasury Secretary Henry Paulson's and Federal Reserve Chairman Ben Bernanke's testimony before the U.S. Senate and House of Representatives. Cox sat at the dais with the other two federal officials.

Cox made the case for stronger regulations for credit default swaps, the insurance policies on bonds that helped bring down insurance giant American International Group...
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