Oct. 31, 2022
October 31, 2022 SWAPS must be reported to the SEC and made generally available to the public. Too many large organizations, including hedgefunds, banks, and foreign investors, can hide their exposure and risks through obfuscated SWAPS. This is a genuine threat to our markets and economy, when a seriously leveraged position is ignored or hidden. Archegos is a prime example of this kind of risk, and they were a small family firm. The amount of destruction, loss of jobs, and risks to the US economy would dwarf the Archegos blow up.