My view--and I would like your comments--if we had the normal reserve and capital requirements that insurance companies have to abide by when they sell an insurance product--and the CDS is an insurance product--and you had those capital requirements in place, and then you had on top of that the margin requirements on exchanges that further add a protection, that would drop the scale of these things back.
Conaway suggests implementing capital and margin requirements for credit default swaps to mitigate risks.
Share
More from Mike Conaway
I am grateful we have a new farm bill in place and a President who constantly stands up for the very Americans who provide our food and fiber.
We need to make sure that people that are unemployed, people that are having a tough time, have enough food to take care of their kids.
The contract Borden was awarded through the Farmers to Families Food Box Program enabled us to preserve employment and benefits for our people.
Other voices in this conversation
