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Tell me about it! All those regulations over credit default swaps and... oh wait, there are none.
by bhiggins 16y ago
Tell me about it! All those regulations over credit default swaps and... oh wait, there are none.
- anamax 16y ago> All those regulations over credit default swaps AIG was heavily regulated. In fact the insurance was a creation of regulators so they could justify forcing regulated banks to hold MBOs as assets. And then there's Fannie and Freddie - both creatures of regulation. And the bond rating monopoly granted by the SEC.... Regulation is systemic risk.