Thursday, July 30, 2009

Lack of derivatives that you could have very briefly believed in

U.S. Senate climate [hoax] bill to have tough market controls - International Business Times -
"There will be no derivatives, there will be no credit swaps," Kerry said in response to a question following a speech at the National Press Club that focused mainly on U.S.-China efforts to control climate change.
...
Following his speech, Kerry was pressed for details by reporters and he retreated somewhat from his tougher statement on derivatives and swaps.

Saying details were not yet finalized, Kerry added, "I'm not saying there may not be a derivative or a securitization."

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