Aug. 21, 2023
While large security based swaps may have come to use for legitimate reasons, I believe they are now being abused for far less legitimate ones. The lack of transparency is dis-concerning and gives the advantage to certain institutions based on their AUM and political influence. I also believe making the reporting of large base swaps will create a more transparent system that will keep in check those who want to be too greedy but making highly levered bets that could ruin an investment firm's entire portfolio, causing a domino effect that could potentially ripple across American retirement plans & pensions, real estate, other investment assets, and global investment assets. Thank you for your time