a. The swaps market is another Wall Street-developed house of cards. b. As a dealer in interest

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a. "The swaps market is another Wall Street-developed house of cards."
b. "As a dealer in interest rate swaps, our bank takes various steps to limit our exposure."
c. "The regulation of commercial banks, securities firms, and other financial institutions that participate in the swaps market could create a regulatory war."
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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