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Holders of at least 60% of the debt have agreed to swap.
The Feds inflation-fighting ability is key to avoiding another crisis, ex-Treasury secretary tells NYC conference.
CFTCs Chilton says Wall Street is using threat of suits to slow Dodd-Frank rules.
Private investors with about 60% of the debt have agreed to participate.
Borrowing costs could surge for other indebted nations.
International agreement on margin rules for OTC trades is key, CFTC chair says.