Oct. 30, 2022
October 30, 2022 SWAPS, one of those things that helped the world economy to implode in 2008? You mean those dirty little agreements that allow large institutions to offload risk onto sometimes unsuspecting parties for profit? Those SWAPS? SWAPS need to be illegal. Full Stop. But we all know that isn't going to happen until the right people are in power. So until then, SWAPS need to be the most highly regulated thing on the planet. The fact that the CFTC can be so lenient with SWAPs data, including halting reporting for YEARS, is borderline treason against the people of the United States. Any rule change or proposition that increases regulation against SWAPs and those to engage in them is a move in the correct direction. Anyone who desires deregulation in this area, or anyone who does not want SWAP data to be released publicly, is hiding something. Release all of that data. Do it frequently. Do it consistently. Do it freely. -Aaron Marsh