- May 17, 2013
- 67,566
- 32,696
- 2,290
Todd.......They are bets and the bets failed with the Too Big to Fails...........Todd.......I've shown over and over again how they don't have the assets to back up their bets...........These bets exploded and unless you live under a ROCK they caused the Great Recession.
I know what they mean Todd........It means the markets and the Fed fucked the Country as they have done in the other recessions usually by a bunch of crooks and liars..........
They are bets
But you realize that $1 trillion in derivatives isn't a bet where $1 trillion is at risk, don't you?
Of course I do, but when you kick it up to the vast amounts that happened in the crash, 100's of trillions in bets then YEAH.......There are Trillions at risk....So much so, that the Banks took 16.1 TRILLION of loans from the federal reserve to save their asses............
So........Man didn't ya know a trillion in derivatives isn't risking a Trillion dude..................Yep. But when the bets out there are 700 TRILLION..........Then TRILLIONS ARE AT RISK.
The facts.............Their bets crushed our economy due to the massive volumes of bets........And they couldn't pay the bets when they blew up in their faces.............
As it will again........Again, 16.1 Trillion to save their sorry asses............as the country got hosed........We should have seized their dang assets and put them out of business........I don't believe in TOO BIG TO FAIL............and again 4 BANKS decide the markets in this country.......and our fate.............Not you Todd unless you are with them.