Snowmobile Lawmaker To Take A Crack At CDS Legislation

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CDS target practice starts next week with a proposal that may call for banning naked CDS trades. Lawmakers will get their opportunity to shine and add to their distinguished track records identifying the risks in sophisticated financial products. For example, people should rest easy that House Agriculture Committee Chairman Collin Peterson, sponsor of such pieces of CDS-related legislation as 'Amending the Rules of the House of Representatives to clarify the treatment of reimbursements to Members for the use of personally owned airplanes in the performance of official or campaign travel' as well as the unforgettable 'To suspend temporarily the duty on certain engines for snowmobiles' will help to decide the conditions under which the multi-trillion dollar market operates.

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