Max and Stacy 228: Cosa Wallstra and a fine explanation as to why Derivatives are a scam

In this excellent show Stacy and Max once again convey convincingly how the Financial collapse is a non military but never the less devastating form of warfare and Satyajit Das explains in a manner understandable for all of us non finance jargon savy the ins and outs of the Greek bail out and why Derivatives (which made John Key fabulously wealthy) are the spawn of the devil.

One thought on “Max and Stacy 228: Cosa Wallstra and a fine explanation as to why Derivatives are a scam

  1. Even a winning bet may never be paid off! Destabilizing? Enabling any corporate to be destroyed?

    All banks are suspect. Credit unions need to disclose all details of assets, in case the larger ones were targetted for sale of this crap to them…..

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