Watch: Gregg Concerned Reform Bill Will Cause "Massive" Credit Crunch

CNBC reports that Sen. Judd Gregg has expressed concerns that the new Wall Street reform bill could lead to a
"massive" credit squeeze.

"The senate bill, which has the Lincoln language in it, will cause a massive contraction in credit in this country because it's a totally inoperable, in my opinion, approach to derivatives. It doesn't face up to the reality with how derivatives should be managed," said Gregg.

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