December 22, 2012
Swaps ‘Armageddon’ – No Closer Than Before
Most of this story is a rehash of the blooming obvious – the comment from Craig is accurate but translating that into “impending armageddon not avoided” is a bit far fetched. The story has been repeated all over the place, it’s not adding anything new to what we all know as a result of DFA / EMIR. Armageddon isn’t any closer, it’s just changed appearance, and put tax payers more directly in-line.
Swaps ‘Armageddon’ Lingers as New Rules Concentrate Risk – Bloomberg.
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