Jamie Dimon Screwed the American people and all the Thanks He Gets is Throat Cancer

Discussion in 'Political Satire' started by Gary Anderson, Aug 30, 2014.

  1. Gary Anderson
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    [​IMG] [​IMG]
     
  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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  3. Gary Anderson
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  5. Gary Anderson
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    I don't know how to do that, I think.
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Don't you have a Capture or SnagIt app that allows you to capture an image on a page?

    You can also try just dragging the image to your desktop to see if that turns it into a jpeg.
     
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  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    fredgraph+libor+10+year+swap+rate.png
    Here, I did it for you.
     
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  8. Gary Anderson
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    Gary Anderson VIP Member

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    Awesome. So, you can see that the red line, the floating rate of LIBOR, crossed the blue line, the Fixed Swaps Rate.

    When those crossed the banksters were insolvent and the financial system froze. So, the bankers take the low floating rate and the counterparties, who fear inflation, like government and medium businesses, all take the fixed rate that is higher and they lose. When the banks lose, and the LIBOR exceeds the Fixed, the banks get bailed out. Since the interest rate swaps market is the biggest on the face of the earth, this is the biggest scam in the history of finance. I am not a chart guy, but this was an easy one to make and very revealing.
     
  9. Toddsterpatriot
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    Toddsterpatriot Platinum Member

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    Yeah, whenever short term rates rise above long term rates, we're in trouble. So what?
    Still looking for proof of your silly swap claim?
    Tell me again how after a business borrows at a fixed rate, they have to enter into a swap agreement with the bank. Why? To get their rate "doubly fixed"? LOL!
     
  10. Gary Anderson
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    Ok, Business and government wants a credit line. In order to qualify they must enter into a swap. The bank requires it. The bank lends a fixed loan, but assumes the floating rate on the swap. Swap Crisis Dollars Sense
     

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