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Will naked CDS get covered?

The financial reform law could allow the CFTC to ban the controversial swaps if it's in the public interest.

By John Hintze Naked credit default swaps appear to have gotten Congress's attention. Critics have long said that buying a naked CDS is akin to buying insurance on your neighbor's house and then hoping it burns down. The financial reform law passed earlier this summer could make that harder to do,

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