25 years an an examiner with U.S. Dept of Treasury and also a member of the New Jersey Air National Guard, 108 Civil Engineering Squadron, previously deployed to Victory Base Complex, Iraq. Have worked extensively in evaluating CDO and related CDS strategies. Now stationed at American Express in NYC as resident examiner. Firmly believe that FRB-NY should have offered to be central guarantor counter party to all CDS contracts written by major U.S. FIs during meltdown in 2008 versus the TARP program. This way the government would only had to have covered "actual losses" versus the wildly volatile market prices that were experienced during the crisis. Government brings the biggest stick to the fight -- it did not have to wield it so violently as it did with TARP.