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Over-the-counter derivatives face regulation

In the coming days, the Senate will take up legislation to expand oversight of the financial system to include the shadowy market for over-the-counter derivatives, complex financial instruments that helped fuel the global economic crisis.

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To break impasse, SEC decided to sue Goldman
Article | For months, Goldman Sachs and the Securities and Exchange Commission had been involved in secret talks over allegations that the Wall Street bank defrauded customers in selling them investments designed to fail.

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