The CDS was completely outside the regulatory boundaries,having obtained unique protection as a result of the Commodity Futures Modernization Act of 2000.The CDS was in fact a position or play which had been outlawed for more than a century.

Question

Quizplus · Accepted Answer

The statement is true, as the Commodity Futures Modernization Act of 2000 gave CDS unique protection and exemptions from regulation, even though they were a type of position that had been outlawed for over a century.

The CDS Was Completely Outside the Regulatory Boundaries,having Obtained Unique