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House Leader Frank Vows to Regulate Credit Default Swap Market
National News • October 14, 2008
The head of a U.S. congressional finance panel said Monday he would seek to regulate the fast-growing $55 trillion credit default swaps market, which has been blamed for exacerbating the financial ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Ignorant or Fraudulent... | Vlad | Oct 15, 2008, 9:37 am |
| A Smelly Acorn | The Nutcracker | Oct 14, 2008, 5:27 pm |
| RE: RE: RE: RE: RE: Finally! | LH | Oct 14, 2008, 4:02 pm |
| RE: Fire Congress.....Democrats/Republicans | LPO | Oct 14, 2008, 2:19 pm |
| RE: RE: RE: RE: Finally! | RS | Oct 14, 2008, 2:10 pm |
| RE: RE: RE: Finally! | Oct 14, 2008, 2:01 pm |
|
| Fire Congress.....Democrats/Republicans | Mark | Oct 14, 2008, 1:48 pm |
| Is He Kidding? | Monarch | Oct 14, 2008, 1:46 pm |
| RE: RE: Finally! | Bob | Oct 14, 2008, 1:26 pm |
| RE: RE: RE: RE: Finally! | David | Oct 14, 2008, 1:18 pm |
| RE: RE: RE: RE: Finally! | Super Genius | Oct 14, 2008, 1:04 pm |
| Gramm-Leach-Bliley | Joe H | Oct 14, 2008, 1:02 pm |
| RE: RE: RE: Finally! | RS | Oct 14, 2008, 12:56 pm |
| RE: RE: Finally! | matt | Oct 14, 2008, 12:08 pm |
| RE: RE: RE: Finally! | Donna | Oct 14, 2008, 10:58 am |
| RE: RE: Finally! | wudchuck | Oct 14, 2008, 10:39 am |
| RE: Finally! | Donna | Oct 14, 2008, 10:08 am |
| RE: Finally! | RS | Oct 14, 2008, 10:02 am |
| Finally! | matt | Oct 14, 2008, 9:41 am |
| Back to article | ||
Subject: Finally!
It's about time our representatives woke up and smelled the coffee -- "swaps" is just a legally convenient way of saying "insurance". It should be regulated, there should be oversight, and there should be a proper capital to back up the bets, particularly given their enormous magnitude.
Let's hope the reform Barney Frank comes up with is fair, effective and at the same time does not put an unfairly cumbersome burden on business.