“I think he means OTC derivatives. “
You’re right, I did mean OTC derivatives.
I’ll have to dig up the debates and warnings about CFMA instead of relying on my dubious memory. expat is doing a good job of making me go back and examine this stuff.
You're very kind ::placing check in envelope:: but this thing about checking facts is a really big thing that a lot of us people are finding ourselves forced to do.
It's kind of like the info age begain in the 1600's w/ the printing press becoming available on the retail market and it had a huge effect on governments. For hundreds (thousands) of years senators and members'o'parliment could say whatever they felt like w/ impunity but it all changed. Instead they'd wander over to the coffee house (England had coffee decades before it had tea) and hear everyone quoting them word for word because some clown wrote it down and ran off a broadside sheet.
Now we got the same thing on steroids in the internet, everyone's got info and everyone can publish and broadcast. ::breathing into a paper bag again::