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 bypass regulation.
Jeff Merkley: “I will say it is kind of a sad commentary on our regulatory system if all it takes is changing the name from insurance…”
On the recordMarch 4, 2009
Source
congress.govEditor's note · Context
Merkley criticizes the regulatory loophole allowing swaps to avoid insurance regulations.
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