An executive order is needed to stop the meltdown.
Outlaw all naked CDS and force the rest to be exchange-traded.
Do this NOW, or the Dow will see 2000 before the end of the year.
posted on 03/07/2009 3:20:40 AM PST
("I see debt people")
Reverse, Gramm-Leach-Bliley Act of 1999 and the CDS, slipped in by republicans.
posted on 03/07/2009 4:14:17 AM PST
(Auto unions bad: Machinists union good=Hypocrisy)
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