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Money Center Banks and Stricter Financial Oversight
Posted By: SARTRE [Send E-Mail]
Date: Wednesday, 16-May-2012 06:45:34
Once again, the practices of the "Too Big to Fail" banksters bring the financial money machine to the brink. The J.P. Morgan derivative losses and trading gambles by their "London Whale" demonstrates business as usual in the murky world of risk distortion. Even the vexing progressive Robert Reich makes an accurate assessment for breaking up the big banks and the resurrecting of Glass-Steagall.
"Word on the Street is that J.P. Morganfs exposure is so large that it canft dump these bad bets without affecting the market and losing even more money. And given its mammoth size and interlinked connections with every other financial institution, anything that shakes J.P. Morgan is likely to rock the rest of the Street."
Read the entire article on the Negotium archive page@
http://www.batr.org/negotium/051612.html
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http://forum.batr.net/showthread.php?tid=2259
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1 comment:
So when Obama issues ANY Executive Order to Bailout J.P. Morgan, primarily towards the $211 TRILLION, then Obama should be Arrested and sent to Guantanamo Bay to be tortured as 312 Million Americans are to Give UP ALL of what they own to pay for the Bailout!
Bilderberg Group is to be Arrested as well and more than what happened to Kissinger with his TSA pat down is to happen to the Group.
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