Tag Archives: changing rules
RCM Editorial: Changing the Rules of the Game with the Stroke of a Pen
Comments by Gary Rosenthal: It has come to our attention that a piece of legislation traveling through Congress contains a little known section that would retroactively render naked Credit Default Swaps(CDS) unenforceable. In other words, with the stroke of a pen Congress would make contracts previously entered into by two willing parties unenforceable. On what legal grounds can Congress do […]
