Panel Calls on Governments to Reveal Derivatives Risks
Panel Calls on Governments to Reveal Derivatives RisksAfter watching hundreds of towns, school districts, power utilities, port authorities and other government bodies plunge headlong into the derivatives markets over the last few years, accounting rule makers have decided those governments should reveal the extent of their involvement with the exotic instruments, and spell out what risks they may pose for taxpayers and bondholders.
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posted by Victor Lloyd Smith @ 5:56 PM
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