Godlike Productions - Conspiracy Forum
Users Online Now: 1,418 (Who's On?)Visitors Today: 489,212
Pageviews Today: 700,108Threads Today: 172Posts Today: 2,717
05:43 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

SCUM FUCK BANKERS Try to Open Loopholes in Derivatives Regulation SO THEY CAN STILL GAMBLE.. 1.5 QUADRILLION AND RISING

 
Uncle Fuck Stick
WAKE THE FUCK UP !!!!!!!!

User ID: 41634855
United States
06/13/2013 09:39 AM

Report Abusive Post
Report Copyright Violation
SCUM FUCK BANKERS Try to Open Loopholes in Derivatives Regulation SO THEY CAN STILL GAMBLE.. 1.5 QUADRILLION AND RISING
[link to mobile.usnews.com] This week marks an important step forward in the implementation of financial reform. On Monday, the U.S. became the first country in the world to require mandatory clearing of many derivatives contracts, a crucial protection in these previously unregulated markets.

But even as this crucial protection takes effect, Wall Street is mobilizing to create a back door escape route. Its goal is to prevent U.S. regulation of derivatives transactions by U.S. companies that are conducted overseas.

This loophole could strike at the foundations of financial reform. Almost every major financial scandal involving derivatives – from the collapse of Long Term Capital Management's Cayman Island operations in the 1990s, to the bailout of AIG's London-based trades in 2008, to JP Morgan's recent "London Whale" trading losses – has involved derivatives transactions conducted through a foreign entity. Wall Street banks routinely transact more than half their derivatives through foreign subsidiaries. Through numerous avenues, including an important Congressional vote today, Wall Street is trying to create an “extraterritorial” loophole in derivatives regulation.

Derivatives are essentially bets on future financial moves. Prior to the crisis, the massive markets in derivatives (over $300 trillion in notional value in the U.S. alone) were essentially unregulated, and conducted as simple contracts between any two financial firms. There was almost no public transparency or regulatory oversight of firms' derivatives books, and no assurances that firms could deliver on the bets they made. This was a major contributor to the financial collapse

Last Edited by Uncle Fuck Stick on 06/13/2013 07:06 PM
Uncle Fuck Stick (OP)
WAKE THE FUCK UP !!!!!!!!

User ID: 41634855
United States
06/13/2013 10:37 AM

Report Abusive Post
Report Copyright Violation
Re: SCUM FUCK BANKERS Try to Open Loopholes in Derivatives Regulation SO THEY CAN STILL GAMBLE.. 1.5 QUADRILLION AND RISING
shitstream
Useless Cookie Eater

User ID: 29696048
United States
06/13/2013 10:41 AM

Report Abusive Post
Report Copyright Violation
Re: SCUM FUCK BANKERS Try to Open Loopholes in Derivatives Regulation SO THEY CAN STILL GAMBLE.. 1.5 QUADRILLION AND RISING
[link to mobile.usnews.com] This week marks an important step forward in the implementation of financial reform. On Monday, the U.S. became the first country in the world to require mandatory clearing of many derivatives contracts, a crucial protection in these previously unregulated markets.

But even as this crucial protection takes effect, Wall Street is mobilizing to create a back door escape route. Its goal is to prevent U.S. regulation of derivatives transactions by U.S. companies that are conducted overseas.

This loophole could strike at the foundations of financial reform. Almost every major financial scandal involving derivatives – from the collapse of Long Term Capital Management's Cayman Island operations in the 1990s, to the bailout of AIG's London-based trades in 2008, to JP Morgan's recent "London Whale" trading losses – has involved derivatives transactions conducted through a foreign entity. Wall Street banks routinely transact more than half their derivatives through foreign subsidiaries. Through numerous avenues, including an important Congressional vote today, Wall Street is trying to create an “extraterritorial” loophole in derivatives regulation.

Derivatives are essentially bets on future financial moves. Prior to the crisis, the massive markets in derivatives (over $300 trillion in notional value in the U.S. alone) were essentially unregulated, and conducted as simple contracts between any two financial firms. There was almost no public transparency or regulatory oversight of firms' derivatives books, and no assurances that firms could deliver on the bets they made. This was a major contributor to the financial collapse
 Quoting: Uncle Fuck Stick


...and NONE of it was fixed after 2008.
NONE OF IT.


...and who opened up these derivatives markets?
Bill Clinton and his Lobbyist banker buddies with the repeal of The Glass Steagal Act of 1935.
Before that banks and brokerages had to be separate....and therefore no casino style derivatives could exist.


Thank this douche for your current economy.

clintonb
Uncle Fuck Stick (OP)
WAKE THE FUCK UP !!!!!!!!

User ID: 41634855
United States
06/13/2013 11:03 AM

Report Abusive Post
Report Copyright Violation
Re: SCUM FUCK BANKERS Try to Open Loopholes in Derivatives Regulation SO THEY CAN STILL GAMBLE.. 1.5 QUADRILLION AND RISING
Clinton sucks ass....NAFTA GATT ...telecommunications act....executive signing the united states into the WTO..the cocksucker is one of the most treasonous presidents ever
Uncle Fuck Stick (OP)
WAKE THE FUCK UP !!!!!!!!

User ID: 40018660
United States
06/13/2013 07:07 PM

Report Abusive Post
Report Copyright Violation
Re: SCUM FUCK BANKERS Try to Open Loopholes in Derivatives Regulation SO THEY CAN STILL GAMBLE.. 1.5 QUADRILLION AND RISING
bump

News








We're dropping truth bombs like it's the end of days!