The word of the Day was TRANSPARENCY, REPEAT, TRANSPARENCY.
DTCC has opposed market and ownership transparency without a break for years now.
They now want to be considered to be a credible alternative for CDS paper, which has been egregiously shorted against by speculators in the CDS paper, a form of insurance put.
THIS CAN'T BE ALLOWED TO HAPPEN!!!!!
Get off your asses and scream at authorities, and I mean scream.
They would be putting the fox in charge of the hen house.
When will our regulators ever learn? Do they need to be knocked off a treadmill like Dick Fuld?
That is where they are headed.
Screw civil discourse.