Nov. 01, 2022
November 1, 2022 In light of the abuses weve seen with swaps, I am extremely glad to see progress in bringing them under control through public transparency. I strongly encourage to lower the threshold from $150 million to a point that it would be difficult to undermine the rule by dancing around the restriction. Whether that is $50 million or $75 million, I believe you can make that discernment best. Please, please keep under wraps internationally as well. The CFTC, ever since swaps came under recent public critique, has allowed massive delays in reporting swaps. The public knows that this is where dirty laundry is kept. Thank you for putting a firmer fist against that. The definition of security based swaps seems sound. Please, consider what those who have wanted to hide their swaps will continue to try in order to again dance away from releasing crucial information that would expose their abuses of the system. Since the CFTC has already delayed the release of this data for such a gargantuan amount of time and has proven ineffective or complicit in handling fraudulent abuses of the system, I strongly encourage implementing this ASAP. America is a better place when fraud has less places to hide.