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Phase out naked Credit Default Swaps

Created by J.J. on October 26, 2011

Change the Commodity Futures Modernization Act of 2000 to phase out Credit Default Swaps on underlying debt of others (naked CDS). This has been described as buying insurance on your neighbor's house. Naked CDS took our economy to its knees, next time we might not be so lucky. If you call the Great Recession luck.

Economy & Jobs
Government & Regulatory Reform
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