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

To: Road Walker who wrote (423730)	10/8/2008 11:58:22 AM
From: bentway	1 Recommendation Respond to of 1577009

There should be special, retroactive laws to deal with people that invent NEW crimes like these.

To: Road Walker who wrote (423730)	10/8/2008 1:29:51 PM
From: Brumar89	Read Replies (1) \| Respond to of 1577009

And there'd be no demand for credit default insurance if the government hadn't created a big market for securitized subprime debt. 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? Writing subprime mortgages was exactly what the government wanted. As for tip-toeing around the law, there wasn't a law so no need to tiptoe.