There are some pro-Wall Street Democrats who are actually for this idea, but a lot of them are saying that this is a big, complicated package with lots of good and bad in it, and it is too hard to renegotiate this provision and walk away from the deal. But Credit Default Swaps will, sooner or later and probably sooner, destroy our economy
On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law. As with human 4-year-olds, the party parents throw may be a little duller than on the first birthday, but the toddler now appreciates the present in the box more than the box itself. Let's look at what's in the box.