Bond shares his views in his opening statement.
05/19/2010
https://www.congress.gov...
What we need in our society, I believe, is that the large swap dealers should be able to fail.
And I join you in welcoming all of our witnesses today.
A bunch of money was dumped on them with a bunch of requirements that were impossible to meet.
The problem of shaky subprime mortgages was exacerbated in Wall Street by creating mirror derivatives...