UPDATE 1-Lawmaker says Fed should regulate OTC clearinghouse - Reuters

<font style="font-size:85%;font-family:arial, sans-serif;"><br><div style="padding-top:0.8em;"><img alt="" height="1" width="1"></div><div class="lh"><table border="0" align="right" cellspacing="0" style="font-size:100%;font-family:arial, sans-serif;"><tr><td width="80" align="center" style="padding-left:6px;" valign="top"></td></tr></table><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-0&fd=R&url=http://www.reuters.com/article/bondsNews/idUSN0830621320080708&cid=1226457173&ei=o9BzSJyHCILM8ATijvXyCw&usg=AFQjCNHnSSdSUqVnWNpbfOQK2AGhdosobQ"><b>UPDATE 1-Lawmaker says Fed should regulate OTC clearinghouse</b></a><br><font size="-1"><b><font color="#6f6f6f">Reuters -</font> 45 minutes ago</b></font><br><font size="-1">By Joanne Morrison WASHINGTON, July 8 (Reuters) - The Federal Reserve should be the key regulator of a clearinghouse intended for trades in the $62 trillion credit default swaps market, Sen. Charles Schumer said on Tuesday.</font><br><font size="-1"><a rel="nofollow" target="_blank" href="http://news.google.com/news/url?sa=T&ct=us/0-0-1&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da0FJxCOoyBjs%26refer%3Dhome&cid=1226457173&ei=o9BzSJyHCILM8ATijvXyCw&usg=AFQjCNEsJ3I3DP3_m9cAEk9HicIxoF2rzQ">Bernanke Says Fed May Continue Lending Into Next Year (Update3)</a> <font size="-1" color="#6f6f6f"> Bloomberg</font></font><br><font size="-1"><a rel="nofollow" target="_blank" href="http://new!

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