A Stage Coach Called "Accomodation"

Today's WB Currents Extra has a nice article about companies that have announced they are getting into the CDS trading and/or clearing business. The article points out (as has been noted here) that the SEC has bestowed the mantle of "offical" CDS trading and clearing facility on an NYSE sub. However, the SEC's power to regulate credit default swaps is pretty limited so lots of companies are trying to get into the business.

I guess that's how the New York City subway got built.