Volconvo Debate Forums - View Single Post

lsbskins1 · Oct 12, 2008, 04:27 pm

If you bothered to read the link, perhaps you would have seen this:

The act specifically banned regulation of credit default swaps. These unregulated instruments, insurance policies against default on risky investments like mortgage backed securities, necessitated the government bailout of insurer A.I.G.[1]

The act it speaks of is HR 5660, part of HR 4577. That created the unregulated credit default swap market. If they are attempting to modify or overturn HR 5660, they are attempting to regulate credit default swaps. So, I did come up with an example. What I didn't do was realize that you would not read or comprehend the post. Which was it?

Oct 12, 2008, 04:27 pm	#17 (permalink)
lsbskins1 Volcanic Erupter Location: South-Western Virginia Posts: 3,418	If you bothered to read the link, perhaps you would have seen this: The act specifically banned regulation of credit default swaps. These unregulated instruments, insurance policies against default on risky investments like mortgage backed securities, necessitated the government bailout of insurer A.I.G.[1] The act it speaks of is HR 5660, part of HR 4577. That created the unregulated credit default swap market. If they are attempting to modify or overturn HR 5660, they are attempting to regulate credit default swaps. So, I did come up with an example. What I didn't do was realize that you would not read or comprehend the post. Which was it? All I see when I look down, something jumpin' on the ground, Scratchin' dirt, cluckin' in the barnyard - Tell me, could that be you? John Kay