"Banks would not be betting the farm on derivatives if they knew that they would have to eat their own losses. "
Who are "the banks"?
The people who make the decisions about where the Banks put their money are not "the banks". IF you are an executive at a bank, it is in your interest to "pump and dump" not build.
This is a major issue, IMO. When Citigroup commits and illegal or fradulent action, who pays? There is no "citigroup", there is just the investors and the executive. Moreover, investors, collectively, seem to allow the market to do all kinds of stupid things with their money.
Plan for eliminating the national debt in 10-20 years:
Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a
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