PDF Summary: The Wall Street Transparency & Accountability Act of 2010

PDF Summary: The Wall Street Transparency & Accountability Act of 2010
    
Tom Usher wrote or added | "The Wall Street Transparency & Accountability Act of 2010" is much better than the Obama administration regulation plan. This bill would allow zero bailouts for swaps. Swaps were the main reason for confusion that aided banksters to game their system. With CDO's (Collateralized Debt Obligations) and 40+:1 leverage (rather than the traditional 10:1), they were the $600-trillion-bubble that burst.
    
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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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