Petraki

Derivatives and Bank Collapse - The Scam That Went Largely Unreported

Hi there,
IMHO, all what is needed is an International Clearing House, where
all non balance sheet credits and debits of all major banks are summed up and then matched (credits against debits between banks) The net sum would probably come down from trillions to billions and once the net figures are established, a settlement can be made.


On Jan 29 08:59 AM MauiJeff wrote:

> The whole derivative market is a casino. Most people have no ability
> or inclination to understand how it works. When the casino went bust,
> the banksters held up the taxpayer to pay off casino debts. We are
> witnessing the biggest rip off of all time. United States citizens
> are asleep upstairs and the bankers are in he house taking everything
> they can get. Criminal behavior in now being passed off as capitalism.
> After the looting is complete our bankrupt country will fall into
> chaos and then tyranny. Wake up people, this is no recession, it's
> the collapse of our country.