Forum Post: Eliminate Credti Default Swaps
Posted 13 years ago on Nov. 1, 2011, 7:55 a.m. EST by hchc
(3297)
from Tampa, FL
This content is user submitted and not an official statement
I should not be able to take bets out that I am going to crash my car. Especially if I know the tires are bad, the alignment is shot, and the power steering doesnt work.
Crashing the car on purpose is criminal. ITs insurance fraud. Creating a car specifically designed to crash it four years later, created the thing to fall apart four years later, is even worse.
Doing that with people's lives is the lowest form of humanity.
Good post. Have you read Wildfire:The legislation that ignited the great recession? It's a great book with similar metaphors and holds those responsible for our recession accountable, along with listing solutions.