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Wall Street Setting Up Financial Armageddon

Submitted by Brian Frank on Tue, 02/19/2013 - 22:00
in

From the Young Turks:

http://www.youtube.com/watch?v=vg2YYpbMoyE

"A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting reckless speculation, enhancing the prospect of another derivatives crisis, warn some market participants."*

The Dodd-Frank financial reform law came into effect in 2007 in response to the financial crisis- it required safeguards for investors to cover losses on their derivatives trades. But what if investors found another, risky, way around that? That's what's happening now. Is it time to start the financial armageddon clock? Cenk Uygur breaks it down.


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The BILLIONAIRE ELITES will do

Submitted by cepivon on Tue, 02/19/2013 - 22:44.

whatever they want to do. They own the politicians. They own our government operations. They own the Big Banks, so they will do whatever they want, all the while instilling a totalitarian regime, with high-priced profitable drones and all, all at taxpayers expense. They don't care. They just don't care.