Found 741: it's the Swaps Code from Dodd-Frank Act, and guess who's responsible for Enforcement? CFTC, the same guys who hid the reports from 2021 in 2023
Credit to u/dharde1 for pointing out 741 is under Dodd-Frank Act where it mentions swap on pg. 22/38: https://www.sec.gov/rules/concept/2010/34-62717.pdf
There's a lot to dig in so I will attempt to summon the pomeranianape u/criand since it relates to his original DD on swaps.
Here's what I find interesting:
SEC. 741. ENFORCEMENT. (a) ENFORCEMENT AUTHORITY.—The Commodity Exchange Act is amended by inserting after section 4b (7 U.S.C. 6b) the following: ‘‘SEC. 4b–1. ENFORCEMENT AUTHORITY. ‘‘(a) COMMODITY FUTURES TRADING COMMISSION.—Except as provided in subsections (b), (c), and (d), the Commission shall have exclusive authority to enforce the provisions of subtitle A of the of the Wall Street Transparency and Accountability Act of 2010 with respect to any person.
Just a Wolf guarding the hen house and hiding the true extent of risk exposure by burying the 2021 reports in 2023.
"Wut doin post MOASS" gets asked a lot. I was going to buy my mom the house next door so she could stop working. Yesterday she told after a life of working 120% to age 60 she's now waiting for hospice care and will die soon.
The decades of unrestrained capitalism syphoning trillions to the already rich killed my mom. 15 hour days, 3 jobs at time, still needing housing and food assistance, having broken teeth and no insurance, having every joint hurt and still having to pick up the slack of 25 year olds or work solo because 'the money isn't there' to hire someone to help.
I am numb. I am rage. I am crippling sorrow.
Most of us know this system is a sham.
Workers wages have become a decreasing share of GDP and productivity since the 70s.
2008 destroyed our parents'/grandparents' retirement funds and now they're back with the sequel.
My hatred of the wealthy parasites, our spineless shitbag "leader's", and the system from top to bottom will never fucking cease.
I'm going to hold until the world burns. Fuck them all with a bedpost.
Ranked by Size