The artical pionts out that this is a an area that is unregulated not deregulated. AND beyond that Credit Default Swaps are an international issue not an American economic issue.
it is world wide and intracatly interwoven. Any suggestion that the US Federal Government is to blame for degregulating this is a waste of time.
It is far greater, far lager than the US Economy or the US Governemnt.
I don't believe it is ... if there seems to be a feeling ... that little or no regualation is the best way to approach an industry that has obviously dropped the ball and is in serious need of reigning in ....
National regulation policies must be considered even by global banks.
Linear Mode
