Oct. 29, 2022
The CFTC not requiring SWAPS to be reported or accurately addressed is a threat to the United States financial markets. SWAPS allow massive forces to kick the can down the road in the name of “unlimited risk.” I’ve worked as in insurance professional for 13 years and can tell you that taking on “unlimited risk” like what is hidden in these international SWAPS is not something I’d advise a single client to do, let alone a whole financial institution(s). If there isn’t crime hidden in those SWAPS, why had the CFTC hidden this since 2013 and delaying it further. It’s not to help/protect American investors, and that’s the SEC job to do. So please do in and expose and publish these SWAPS. Chris Reardon American/Investor -- Chris Reardon