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Defusing the Credit-Default Swap Bomb
Barrons ^ | November 15, 2008 | Jonathan R. Laing

Posted on 11/16/2008 1:49:44 PM PST by CutePuppy

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To: SwedishConservative
We don't need more regulation, there's plenty already. Just call CDS's for what they are: it's a form of gambling and whoever wants to issue them better have a gaming license. And you better believe the casinos will be a lot better at setting the odds than the investment bankers. Added benefit is that anyone who tries to unduly influence the market will get their knee-caps shot off by angry bookmakers. Problem solved, everybody wins.

LOL

21 posted on 11/17/2008 10:00:24 AM PST by org.whodat (Conservatives don't vote for Bailouts! Republicans do!)
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