Austin Scott actually said...

If you look at the CFTC website, it says that swaps were the center of the 2008 financial crisis, and I would think that maybe an improper use of swaps or abuse of swaps might be a better description of what happened there.

Context

Scott highlights the role of swaps in the 2008 financial crisis and questions their proper use.

10/11/2011

https://congress.gov...

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