Credit Swap Crisis


There was an interesting story on 60 minutes last night. Several economists, some lawyers, and even professors weighed in on the current economic crisis. Everyone has an opinion and solution in hindsight I guess. Basically what they describe is gambling and I can’t believe this bill ever passed, but it did. It was motivated by greed and lots of people benefitted from this. However, it also helped lead us into the position we are currently in.

Im not sure where I stand on government regulation frankly because I dont understand it well enough to have a valid opinion, but in my mind, these are the types of loopholes that we need to clean up. Whoever our next President is, I hope they can get us back on the right track.