On the recordFebruary 2, 2009
I would argue that they are trilateral contracts in that you and I and the 300 million Americans have stepped up to the plate to provide the backstop on many of these contracts.
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congress.govJoe Morelle: “I would argue that they are trilateral contracts in that you and I and the 300 million Americans have stepped up to the…”
Editor's note · Context
Morelle emphasizes the collective risk borne by the public in credit default swaps.
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