February 7, 2022
As a retail investor, who is still very new to the stock market, this rule proposal feels like a no-brainer. It feels like one of those rules that any well-informed individual would support without question, especially those who have followed the market since the 2008 financial crisis.
Swaps were and still are robust tools for deception. They give bad actors the ability to hide their shoddy, over-leveraged positions. And when enough participants use swaps, an illusion of a strong and healthy market can be formed.
Why this rule was not created immediately after mortgage-backed swaps nuked the economy, I'll never know, but I'm glad that it's being proposed now.