Derivatives: Darth Vader's Revenge Message Board

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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Worswick who wrote (1294)	3/17/2009 12:25:26 PM
From: IngotWeTrust	1 Recommendation Read Replies (1) of 2794

The original inventor of CDS was: Jr. wanting to borrow the car, and then the money for the gas for "date night." That's the original credit/ defaulted/ swapped out a promise for cash gamble dear old Dad took with Jr. Just that someone came along and decided to make a security out of that old scam, that's all. -ng- Seriously, tho', you did notice did you not, that Congress passed a law in 2000 exempting CDS from all 50 states' gambling laws? It's been "KATY!!! Bar the door!!!" ever since! And they are STILL unregulated. Still being written. And still adding to the bankrupting of global economy as I type this. Wretched greedy creatures!

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