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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (423721)10/8/2008 11:54:12 AM
From: Road Walker  Read Replies (2) | Respond to of 1576804
 
How is it NOT fraud?

Seems to be to me. But they were always careful to promote the CDSs without using the word insurance, which is regulated to the hilt. So they tip toed around the law, selling what was effectively unregulated insurance. That enabled them to sell the sub-prime bundled mortgages, which enabled the originators to write the sub-prime mortgages.

Ain't the free market beautiful?