Obama Plans Fast Action to Tighten Financial Rules »
Posted By engineer 11 months, 1 week ago in Business & FinanceThe administration is also preparing to require that derivatives like credit default swaps, a type of insurance against loan defaults that were at the center of the financial meltdown last year, be traded through a central clearinghouse and possibly on one or more exchanges. That would make it significantly easier for regulators to supervise their use.
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engineer
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My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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simonsez11 months, 1 week ago
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Derivatives are ass covering products and are only necessary if you know you are making dangerous loans. When Fannie and Freddie forced sub-prime mortgages, this is how financial entities covered themselves. This is also why AIG is junk ...
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