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The prepaid market was $120 billion in 2009 and may be $440 billion in 2017. The banks' totally unregulated derivatives book is north of $300 trillion-with-a-t and the banks have managed to transfer much of the risk in that invented-out-of-thin-air market to the taxpayer. The bankers' cabal owns enough congressmen th...more
- Ross Perot was right but the giant sucking sound isn't so loud anymore since Wall Street caused so many good jobs to already depart these shores.
- How the hell is a treasury a 'defensive asset?' (Unless you expect interest rates to stay in negative territory permanently which might be the only way the national d...more
Rats fed genetically-modifed food had liver and kidney damage. I'm not a rat but I wouldn't go to McDonald's until they guarantee that none of their products have genetically-modifed ingredients.
It was Phil Graam, Timmy Geithner and Larry Summers who blackmailed Clinton to gut Glass-Steagall. Graam slunk off into the sunset, Summers has slithered back to Harvard to teach rich ratbags how to rip off the rest of America and Geithner is losing his status as Wall Street's biggest stooge in Washington. (Timmy's w...more