Fed, SEC, CFTC and Treasury Department to Establish CDS Clearing House

Fed, SEC, CFTC and Treasury Department to Establish CDS Clearing Househttp://www.mortgagenewsdaily.com/11142008_cds_clearing_house.aspThe Fed, SEC, CFTC and Treasury Department have signed a memorandum of understanding for the creation of a clearing house for credit default swaps (CDS) , which will begin operations by the end of 2008. "A well-regulated and prudently managed CDSenCommunityServer 2008 SP2 (Build: 31106.96)