Unformatted text preview: • Commodity Futures Modernization Act of 200 • They were not regulated by the government or any financial exchange • Anyone could make a transaction on the outcome of the stocks, bonds, commodities, ect. • It was referred to as “Legalized Gambling” More Expansion • Confusion started because those involved didn’t know who owned what anymore...
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- Spring '08
- Credit default swap, Commodity Futures Modernization