Jeff Merkley actually said...

So several people have spoken to the role of the AAA rating as being borrowed or used, if you will.

There has been discussion about whether you could have categorized credit default swaps as insurance.

I had an interesting conversation the other day with a senior member of the New York Stock Exchange.

I will say it is kind of a sad commentary on our regulatory system if all it takes is changing the name from insurance to swap in order to b...