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Giorgio Bertini

OTC Derivatives: Failed Banks or Failed Nations? - 0 views

seekingalpha.com/...failed-banks-or-failed-nations

otc banks derivatives

shared by Giorgio Bertini on 13 May 10 - Cached
  • Giorgio Bertini on 13 May 10
     
    Trading derivatives on regulated exchanges would be a major step forward, but it may no longer be enough. Economic bubbles are not recognized by those inside of them, the Congress of the united States being no exception. The $604.6 trillion derivatives bubble, which is equal to more than ten times world GDP, is a global issue. If existing OTC derivatives remain in place and there are no restrictions on what banks can trade derivatives, there is no actual or immediate reduction of systemic risk. Thus, the risks that led to the financial crisis in 2008 are likely to remain present in the global financial system for years to come. In fact, many banks have more CDS risk now than in 2008. Passing a bank-approved version of the financial reform bill, while it may be portrayed as a political victory or serve to calm financial markets temporarily, is unlikely to prevent another global financial crisis.
Giorgio Bertini

Derivatives Cloud the Possible Fallout From a Greek Default « Learning Politi... - 0 views

learningpoliticaleconomy.wordpress.com/...e-fallout-from-a-greek-default

financial system Greece derivatives

shared by Giorgio Bertini on 27 Jun 11 - No Cached
  • Giorgio Bertini on 27 Jun 11
     
    In years past, when financial crises in Argentina and Russia left those countries unable to make good on their government debts, they simply defaulted. But this time around, swaps and other sorts of contracts have become so common and so intertwined in the financial markets that there are fears among regulators and financial players about how a Greek default would play out among derivatives holders. No one seems to be sure, in large part because the world of derivatives is so murky. But the possibility that some company out there may have insured billions of dollars of European debt has added a new tension to the sovereign default debate.
thinkahol *

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of Ameri... - 0 views

dailybail.com/...ckstopping-75-trillion-of.html

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank America's Derivatives Trades Home The Daily Bail

shared by thinkahol * on 19 Oct 11 - No Cached
  • thinkahol * on 19 Oct 11
     
    This story from Bloomberg just hit the wires this morning.  Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan.  Even worse, the total exposure is unknown because Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure.
thinkahol *

Web of Debt - TURNING THE TABLES ON WALL STREET: NORTH DAKOTA SHOWS CASH-STARVED STATES... - 0 views

www.webofdebt.com/...state_bank_option2.php

Web of Debt - TURNING THE TABLES ON WALL STREET: NORTH DAKOTA SHOWS CASH-STARVED STATES HOW THEY CAN CREATE THEIR OWN CREDIT

shared by thinkahol * on 11 Nov 11 - Cached
  • thinkahol * on 11 Nov 11
     
    Forty-six of fifty states are now reported to be so insolvent that they could be filing Chapter 9 bankruptcy proceedings within the next two years.1 Of the four that are not in that category, one is the isolated farming state of North Dakota. What does it have that other states don't? The answer seems to be: its own bank. In fact, North Dakota has the only state-owned bank in the nation. It has avoided the credit freeze caused by the derivative schemes of the Wall Street bankers by creating its own credit, leading the nation in establishing state economic sovereignty.
Tyler Osterry

Swift Cash At Your Disposal With Unsecured Cash Loans Bad Credit - 0 views

unsecuredcashloansbadcredit.tumblr.com/...r-disposal-with-unsecured-cash

unsecured loans unsecured cash loans bad credit unsecured cash loans Unsecured Loans Same Day bad credit loans bad credit cash loans

shared by Tyler Osterry on 06 Aug 15 - No Cached
  • Tyler Osterry on 06 Aug 15
     
    Unsecured cash loans bad credit can be derived with ease. The loans are indeed easy to apply for and can be procured without much of any hurdle.
thinkahol *

Rule by Rentiers - NYTimes.com - 0 views

www.nytimes.com/...10krugman.html

Rule by Rentiers - NYTimes.com

shared by thinkahol * on 13 Jun 11 - No Cached
  • thinkahol * on 13 Jun 11
     
    What lies behind this trans-Atlantic policy paralysis? I'm increasingly convinced that it's a response to interest-group pressure. Consciously or not, policy makers are catering almost exclusively to the interests of rentiers - those who derive lots of income from assets, who lent large sums of money in the past, often unwisely, but are now being protected from loss at everyone else's expense.
thinkahol *

Lifting the Veil: Obama and the Failure of Capitalist Democracy {Full Film} -... - 0 views

www.youtube.com/watch

Lifting the Veil: Obama and Failure of Capitalist Democracy {Full Film} - YouTube

shared by thinkahol * on 14 Oct 11 - No Cached
  • thinkahol * on 14 Oct 11
     
    This film explores the historical role of the Democratic Party as the "graveyard of social movements", the massive influence of corporate finance in elections, the absurd disparities of wealth in the United States, the continuity and escalation of neocon policies under Obama, the insufficiency of mere voting as a path to reform, and differing conceptions of democracy itself.  Original interview footage derives from Noam Chomsky, Michael Parenti, Michael Albert, John Stauber (PR Watch), Sharon Smith (Historian), William I. Robinson (Editor, Critical Globalization Studies), Morris Berman (Author, Dark Ages America), and famed black panther Larry Pinkney. 
Owen Jamie

1000 Payday Loans- Hassle Free Additional Funds For Unforeseen Imperative Needs - 0 views

1000 payday loans are impeccable fiscal remedy derived for those salaried borrowers who manage their monthly budget only with one time salary income, but sometimes it is possible that we are trappe...

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started by Owen Jamie on 26 Jun 15 no follow-up yet
Owen Jamie

1000 Payday Loans- Hassle Free Additional Funds For Unforeseen Imperative Needs - 0 views

1000 payday loans are impeccable fiscal remedy derived for those salaried borrowers who manage their monthly budget only with one time salary income, but sometimes it is possible that we are trappe...

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started by Owen Jamie on 01 Feb 16 no follow-up yet
Owen Jamie

1000 Payday Loans- Hassle Free Additional Funds For Unforeseen Imperative Needs - 0 views

1000 payday loans are impeccable fiscal remedy derived for those salaried borrowers who manage their monthly budget only with one time salary income, but sometimes it is possible that we are trappe...

1000 loan no credit check 1000 loan today 1000 payday loans 1000 cash loans

started by Owen Jamie on 09 Feb 16 no follow-up yet
Owen Jamie

1000 Payday Loans- Hassle Free Additional Funds For Unforeseen Imperative Needs - 0 views

1000 payday loans are impeccable fiscal remedy derived for those salaried borrowers who manage their monthly budget only with one time salary income, but sometimes it is possible that we are trappe...

1000 loan no credit check 1000 loan today 1000 payday loans 1000 cash loans

started by Owen Jamie on 05 Mar 16 no follow-up yet
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