Johnc222

Why It's Time to Overhaul the Banking System

All that has to be done to fix this mess....Is to have the U.S. Treasury Null - Void all OTC Derivative contracts written over the last 2 years.

There are 596 trillion dollars of derivatives out there,...could be as high as a quadrillion (1000 Trillion).

Most were written under false pretenses and currupted rating agencies with huge conflicts of interest. The OTC market is corrupt.

It would be benefical and easier to Void or freeze these contracts to be examined more closely. then the alternative which is the total destruction of the World's banking system.