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Category Archive: CFTC

  1. “Stupid is as stupid does” — the SEC and CFTC legalize electronic gambling" rel="bookmark">Stupid is as stupid does” — the SEC and CFTC legalize electronic gambling

    For­est Gump said “stu­pid is as stu­pid does” and the lat­est move by the SEC and CFTC to license clear­ing­houses for credit default swaps is about as stu­pid as it comes. Rather than ques­tion­ing the under­ly­ing eco­nomic ratio­nal and legal­ity of credit default swaps, the SEC and CFTC have decided to facil­i­tate the pro­lif­er­a­tion of […] [read full story]

    Posted in: CFTC, Credit Default Swaps, economy, Finance, Public Policy, REGULATION, SEC