Mar. 15, 2023
If true that this "re-proposed rule targets transactions that effectively represent a bet against a securitization and focuses on the types of transactions that were the subject of regulatory and Congressional investigations and were among the most widely cited examples of ABS-related misconduct during the lead up to the financial crisis of 2007–2009." There should be absolutely no reason not to pass it. Anyone who rejects a rule that was widely abused leading up to an economic crisis should not be trading stocks in our markets since they clearly have ill intentions for both the stock market and the United States economy, along with the value of the US dollar. Furthermore, unless we want another Archegos instance on a much wider scale with a too-big-to-fail broker-dealer, hedge fund, or bank, it is best to take action in any way possible to prevent synthetics from being created using swaps. If there were to be a way to audit anyone who rejects this rule proposition I am sure that they may even have a toe dipped in the crime committed by Goldman Sachs in 2011 as well as stated in the " Prohibition Against Conflicts of Interest in Certain Securitizations."