"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
-
The fruits of Marxism: Complete and total insanity.3 weeks 6 days ago
-
Fortunately, he now has the money and the influence to not n...22 weeks 2 days ago
-
Look at the timing. They don't want CIA/MI6 funded...22 weeks 4 days ago
-
So that everyone responsible -- and those who would sue or p...28 weeks 4 days ago
-
Hey, don't you know that the word "unprecedented...30 weeks 3 days ago
-
Reminiscent of Cuba.30 weeks 4 days ago
-
MUST SEE!!30 weeks 6 days ago
-
The first link is to a video; the second is to United States...30 weeks 6 days ago
-
http://voluntaryist.com/uncategorized/on-the-ownership-of-id...38 weeks 3 days ago
-
Yah but the federal govt can't mandate it for us. The states...41 weeks 1 day ago
more