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To: Razzz42

This article probably sails over the head of every GOP member of Congress at Mach-2+.

They’re so stupid, they don’t know what it means to “hypothecate” the customers’ monies... much less “re-hypothecate.”

Never mind a repo.


2 posted on 12/08/2011 11:44:25 AM PST by NVDave
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To: NVDave

This is one of the most frightening articles I have ever read about financial crap, and as you know, I read plenty.


3 posted on 12/08/2011 11:57:55 AM PST by Attention Surplus Disorder (Madoff screwed the rich. Bernanke screwed us all.)
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To: NVDave

Why would a government allow rehypothecation at all? It looks like stealing to me.


6 posted on 12/13/2011 2:41:48 PM PST by 1010RD (First, Do No Harm)
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