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Though he lives in the homeless encampment at Blakeslee Junction, Martin Russell, 63, has spent the last seven years neither houseless nor homeless. It’s not a riddle. …
<p><span>Today, the Commission is considering whether to re-propose rules to prohibit a range of market participants that sell or sponsor asset-backed securities (ABS) from taking positions against those very products. I am pleased to support this re-proposed rule as it fulfills Congress’s mandate to address conflicts of interests in the securitization market, which contributed to the 2008 financial crisis.</span></p>