"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
As An Encore to Bailing Out the Big Banks, Government to Backstop Derivatives Clearinghouses … In the U.S. and Abroad
Submitted by Melinda L. Secor on Sun, 2012-05-27 01:00
"Little noticed is that on Tuesday Team Obama took its first formal steps toward putting taxpayers behind Wall Street derivatives trading — not behind banks that might make mistakes in derivatives markets, but behind the trading itself. Yes, the same crew that rails against the dangers of derivatives is quietly positioning these financial instruments directly above the taxpayer safety net."
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
It's certainly a step in the right direction.3 weeks 2 days ago
-
They may be in control of someone else. But they are NOT in...3 weeks 6 days ago
-
More prescient than one would have realized after the experi...4 weeks 21 hours ago
-
http://www.informationliberation.com/?id=6333527 weeks 6 days ago
-
“Madness is something rare in individuals — but...32 weeks 6 min ago
-
I wouldn't be surprised to learn that it's some kind...32 weeks 8 min ago
-
And they're just the ones that got caught.32 weeks 13 min ago
-
The fruits of Marxism: Complete and total insanity.43 weeks 1 day ago
-
Fortunately, he now has the money and the influence to not n...1 year 9 weeks ago
-
Look at the timing. They don't want CIA/MI6 funded...1 year 9 weeks ago
more