Bill Foster: “The most interesting number to me there is that credit default swaps are 7 percent, which is interesting considering the…”

Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----

I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.

This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.