POTENTIALLY HUGE: 5 Major US banks FACE MASSIVE DEFAULT on credit default swaps this week?

Meh
nothing will come of this, as usual.
Y'all silly doomsters y'all.
lol

Meh


nothing will come of this, as usual.

Y'all silly doomsters y'all.

some congressman is recommending USPS layoff 266,000

Military is talking cutting back 100,000

Yeah all the 'liberal' banks who never vote republican sold the worthless mortgages and traded the default swaps for them.

Let me tell you, allmost all bankers vote right wing republican. Cos that party is the corporate money party. It is the party that let the banks regulate themselves, give them more freedom.

Right wing ideology is failing all the time. It is cos they just don't want to see some truths. Like winners of capitalism grow and grow till we have a few companies who have cornered every market, destroyed competition and runs us all like oligarchic communism.

And they are blind to see or address income inequality which means they let the few very very rich get more and more power and wealth.

Right wing parties were supposed to be better economic parties. But it seems wrong now, it seems they just only know short term economics and are clueless about long term economics and the value of labour.

I don't usually attention-whore for pins but I think this time it's worth looking like an ass:

Please suggest a pin everybody, this is important information for the whole community.

This could be huge, if true.

The 5 US largest banks have 97% of credit default swaps out there. As Euro defaults kick in, parties become contractually obligated to make huge payouts to the relevant derivative partners. But there is not enough money on planet earth to do so.

Everybody loses.


Watch the actions of an initernational body called the ISDA;in charge of determining when a "credit event" occurs.

[youtube [link to www.youtube.com]

6

There is a new movie The International coming out on Feb 13th, that looks from the trailer like it might be a good one.

I'm sure the date is just a coincidence. LOL

And they are blind to see or address income inequality which means they let the few very very rich get more and more power and wealth.

I guarantee 100% not one of the banks will lose a dime. They already said that if Greece, Portugal, big corporations, etc goes under, it will be a
"reorganization", not a default. For the exact purpose of not triggering default swaps. It's not right, but that's what they publicly said they will do. They will not allow another lehman situation.

You can give someone a haircut of 70% and broom up all the hair laying on the floor to hide it, but you can still look at the head and tell that it is almost bald....

TADAA!!!

If we have another major banking crisis, the United States is more that likely going to unlease the Global Eradication Virus and take the world's population below a half Billion.

Just saw the movie Rollover (1981)

This film shows how it could come down 22 years ago...and it is!!!!

I just have one word

I

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I just have one word

I

C

E

L

A

N

D

Yup, Celente called it the 'Bailout Bubble' and stated that it would be the final one.

Yeah all the 'liberal' banks who never vote republican sold the worthless mortgages and traded the default swaps for them.

Let me tell you, allmost all bankers vote right wing republican. Cos that party is the corporate money party. It is the party that let the banks regulate themselves, give them more freedom.

Right wing ideology is failing all the time. It is cos they just don't want to see some truths. Like winners of capitalism grow and grow till we have a few companies who have cornered every market, destroyed competition and runs us all like oligarchic communism.

And they are blind to see or address income inequality which means they let the few very very rich get more and more power and wealth.

Right wing parties were supposed to be better economic parties. But it seems wrong now, it seems they just only know short term economics and are clueless about long term economics and the value of labour.

Rule number one: In no way shall a haircut constitute a credit event.

Rule number two: (In an effort to maintain liquidity and prevent bankruptcies) if a credit event should be needed to maintain a larger company heavily invested in CDS they shall be exempt from rule number one and given their full credit event allotment with no haircut, but only if they employ more than 50,000 workers or are a member in the EMF interests.

This could be huge, if true.

The 5 US largest banks have 97% of credit default swaps out there. As Euro defaults kick in, parties become contractually obligated to make huge payouts to the relevant derivative partners. But there is not enough money on planet earth to do so.

Everybody loses.


Watch the actions of an initernational body called the ISDA;in charge of determining when a "credit event" occurs.

[youtube [link to www.youtube.com]