[geologist]

INSANITY RUNS AMOK!

[texmexis best]

BS. Just BS.

[Kansas58]

My problem with your post?

Credit Default Swap regulation is treating a symptom, not the virus, not the bacteria, not the bug that started the problem.

Toxic Debt starts at ORIGINATION!

The regulation we need?

NO mortgage can be securitized unless, at the time of securitization, there is at least a 10% equity position in the underlying property, and no securitization is allowed on any adjustable rate mortgage!

Then, the credit default swap and CMO business would be just fine.

[blam]

"The lack of this procedure is allowing zombie banks to hold the United States hostage for never-ending bail-out ransoms. None of these banks are going to survive another six months anyway, so the basic blackmail motif that the whole money system will collapse if ransoms are not paid is a bluff that has to be called sooner or later in any case."

This is not the first article that mentions that my bank is going to fail.

Plus, the FDIC does not have enough money to cover deposits.

[Disambiguator]

Is this guy related to that commie lawyer William Kuntsler?