Bailouts Led to Backstopping Derivatives Clearinghouses

As An Encore to Bailing Out the Big Banks, Government to Backstop Derivatives Clearinghouses … In the U.S. and Abroad

… Which Will Lead to Bailouts and Encourage Even More Fraud

The government has been bailing out the giant, insolvent banks for years. (Many of the bailed out banks are foreign.)

That is preventing the economy from recovering … like countries that have grabbed the bull by the horns.

The government has allowed the amount of derivatives to reach 1.2 quadrillion dollars.

That is feeding the parasite of casino gambling … which is preventing the real economy from recovering and is killing the host of actual productivity.

What is the government doing for an encore?  Bailing out the derivatives clearinghouses.

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One thought on “Bailouts Led to Backstopping Derivatives Clearinghouses

  1. strange that McDonalds should need bailing. and harley-davidson? aren’t half of its customers drugdealers too? Baroque!!
    It might be useful to look at toxic banking (debt based) in terms of its identity as an urban phenomenon. For millennia, culture has been generated around food and birth, death and marriage. What have cities provided apart from foppish fashions? All i can think of is Art Nouveau (stolen from the Haida,Tlingit and Tsimshian nations?) and LED headlights. And pollution. And ugly stuff smeared over the very choicest spots on Earth. Hope we don’t make the same stupid mistake next time round

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