CFTC's O'Malia on Confusion Over Swaps Rule

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Oct. 24 (Bloomberg) -- Scott O'Malia, a Republican commissioner on the Commodity Futures Trading Commission, talks about the securities industry's misinterpretation of rules it assumed allowed as many as nine months to start moving swaps into clearinghouses that are meant to limit risks to the U.S. financial system. O'Malia speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

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