Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

The Last Bubble

February 25, 2010 - 3:05 pm - by Richard Fernandez
Josh
2010-02-25 18:13:57

One step to stabilize the financial markets would be to outlaw CDS – credit default swaps. All existing should be cancelled, premiums returned. That is, for any US chartered bank backed by taxpayer funds, and for all US issued bonds, private and government.