In the coming days I will pay extensive attention to Clearing houses, their role in the Financial world and the fact that since September New Zealand has its own Clearing house and what that might mean for us private citizens.
Great, does that mean the US taxpayer will pay us $ 112 Billion when Wall streets crappy Derivatives collapse on us? Nah, didn’t think so! … 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 […]