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IPFS News Link • Economy - Economics USA

Naked Truth on Default Swaps

05-24-2010 • arclein

None of this argument would be taking place if regulators had done their jobs years ago and classified credit-default swaps as insurance. As it happened, however, clever people on Wall Street followed the prescription laid down by Humpty Dumpty in Lewis Carroll’s “Through the Looking Glass:”

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Reported By robert klein

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