Posted Mon, 10/06/2008 - 07:39 by rba
"It is an insurance contract, but they've been very careful not to call it that because if it were insurance, it would be regulated. So they use a magic substitute word called a 'swap,' which by virtue of federal law is deregulated . . " [
Michael Greenberger, Ex-CFTC Chair on 60 Minutes]
Joe Turner: Boy, what is it with you people? You think not getting caught in a lie is the same thing as telling the truth? [
Three Days of the Condor (1975)]
:: :: ::