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At the same time, we must recognize potential costs associated with additional transparency, especially if it complicates the redistribution of risk, discourages price formation, or compromises the ability of market-makers to satisfy client obligations.

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    Quiz

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    Who said: "If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 60 years ago, a liberal 30 years ago and a racist today."?
    A Larry Elder
    B Barack Obama
    C Ron Paul
    D Thomas Sowell