02/02/2009
https://congress.gov...
"I happen to believe that is a specious argument, and that it is the requirement of this argument to ferret out potentially illegal activity and protect the citizens of this nation."
"CDSs are, in fact, a species of insurance, and naked swaps are more akin to gaming than insurance since they lack insurable interest."
"the goals of this draft bill would be best realized and enacted by the states; whether the CFMA was overbroad in its intent and application"
"I am pleased to be here today on behalf of NCOIL to discuss draft legislation titled the 'Derivatives Markets Transparency and Accountability Act of 2009.'"