About a month back the Obama Treasury enacted regs that just put the US taxpayers on the hook for the derivatives. Nobody in Congress took note, nobody in the MSM took note. If EU collapses, the US banks who used derivatives to leverage speculation on the EU, currency swaps and etc, will take losses of 50+ to 1.
Nobody in congress took note. And that’s one of the biggest problems right there.
I feel sorry for the younger generation. I even feel sorry for the younger generation who put obama in office and still love him. Umm. No, I don’t! When they’re all living like it’s the 1700s they’ll be telling their grandchildren that it’s Bush’s fault.