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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
Economist
Entrepreneur
Jazz Musician
Politician
New York City
New York
Unnecessary
Negotiated
Privately
Derivatives
Professionals
Transactions
Regulation

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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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