Why are republicans against CDS regulations?

Discussion in 'Politics' started by KINGOFSHORTS, Apr 19, 2010.

  1. Equity options are regulated,standardized and trade through a clearinghouse. Why is the GOP against treating CDS contracts just like Equity options?
  2. Think of this as an auction. You have the CME and ICE bidding(ie, paying off politicians) for exchange-only trading and you have the OTC dealers bidding for the status quo. High bidder wins.
  3. the republicans get their marching orders from their corporate masters.