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5 Financial Companies Hold 99.7% of all Derivative Contracts

Submitted by Gus G on Tue, 07/28/2009 - 15:28
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Ben Bernanke told everyone at the town hall meeting how it pained him to bailout AIG due to its derivative position. In the mean time the big 5 financial firms are more leveraged than AIG. Ben Bernanke should be tarred and feathered. He and Paulson are a disgrace to the USA.
Thanks to Zero Hedge for the info

http://www.zerohedge.com/article/fitch-financial-companies-h...

Tarred and Feathered Cartoon
http://www.smithsoniansource.org/display/primarysource/viewd...

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He should be put

Submitted by dducks on Wed, 07/29/2009 - 13:27.

on trail immediately for purging himself.

Grayson: Chairman Bernanke, Who did the half a trillion dollars in taxpayer money go to?

Bernanke: I don't know.

This is one of many provable lies, under oath, to Congress.

,

Submitted by quiltingsando on Wed, 07/29/2009 - 12:47.

Ugh.

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5 Year Auction Goes Badly

Submitted by Gus G on Wed, 07/29/2009 - 12:29.

As explained in this article if interest rates rise this could adversely affect the majority of interest rate swaps held by the Big 5. We are playing with dynamite. Once again Bernanke the school teacher is asleep at the switch. How this man could teach at Princeton is beyond me.

And there's a lot more debt to auction

Submitted by Jim Brown on Wed, 07/29/2009 - 13:00.

Thomas Jefferson once said, "The natural progress of things is for liberty to yield and government to gain ground."

Well, I guess he called that one.

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