http://nukegingrich.com/2008/09/30/fasb-157-gets-a-clarification/ Mon, 13 Feb 2012 03:33:40 +0000 hourly 1 http://wordpress.com/ http://nukegingrich.com/2008/09/30/fasb-157-gets-a-clarification/#comment-81074 Wed, 01 Oct 2008 03:08:13 +0000 http://nukegingrich.wordpress.com/?p=4066#comment-81074 well, they are basically an unregulated insurance product. They can serve a purpose, if they fall under state insurance regs, requiring sufficient loss reserves. etc

]]> http://nukegingrich.com/2008/09/30/fasb-157-gets-a-clarification/#comment-81073 Wed, 01 Oct 2008 03:04:28 +0000 http://nukegingrich.wordpress.com/?p=4066#comment-81073 I curse Sarb-O!
Also, if there isn’t legislation making Credit Default Swaps illegal, speculators won’t have learned anything, and will use instruments to drive down values again, and reap a huge reward.
CDS’s are immoral, and should be illegal.

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