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?
Saturday 13 December 2014
Christmas for Bankers...................from Rico
From Theo Spark at 14:30
Subscribe to:
Post Comments (Atom)
1 comment:
Provide citations to Bill paragraphs and graph sources. Otherwise not much help, like Gore's book Earth in the Balance.
Post a Comment