TAB
2008-11-02 16:51:29
The problem is, as you stated, the New York investment banks are going to do everything in their power to block an independent party like the Merc from clearing these trades. There’s too much money at stake. They have already positioned themselves to wrest control through their ownership of the ICE exchange and it’s recent aquisition of the Clearing Corp. The power struggle is under way in Washington, and New York has more political muscles to flex…
