Tag Archives: Congress
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 […]
Thomas J. Powell – Reasonable Regulation: That’s Allstate’s Stand
Reasonable Regulation: That’s Allstate’s Stand Many companies involved in financial services cower when an official of any stature mentions the threat of national regulation, but Allstate has decided to embrace it. Since late April, Allstate has been pushing an advertising campaign that is rooted in support for creating a national regulation agency for all players in the financial industry, […]