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Saturday 13 December 2014

Christmas for Bankers...................from Rico

CR Omnibus = Christmas for Bankers

Thanks to a clear majority of Congress, both Democrats (C) and Republicans (D), we now know for a certainty that the well-being of Wall Street is far more important to legi$lators than that of their constituents.

Proving that Congre$$ is fully bought and paid for, the Cromnibus bill shifts $303 trillion in derivative bets by the Banks onto the taxpayers.
- Take a look at the FOUR owners of Congress and the US.

Citigroup language that explicitly allows banks to move their derivative bets to subsidiaries that are FDIC-insured was included. Wall Street's servants in Congress now guarantee that taxpayers will be on the hook for a bailout when (not IF) the bets start to go bad.

FDIC for derivative bets. What could possibly go wrong?



1 comment:

Anonymous said...

Provide citations to Bill paragraphs and graph sources. Otherwise not much help, like Gore's book Earth in the Balance.