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When congressional cost-cutters meet later this year to decide on trimming the federal budget, the wars in Afghanistan and Iraq could represent juicy targets. But how much do the wars actually cost the US taxpayer? Nobody really knows.

They're unknown and invisible to most of us, but electronic trading programs now rule the stock markets

The real face of war is unknown to people, because the media is not showing the real facts. The war is nothing but a bussines, where young men are sent to die, for some to get richer and richer. These are the horrors of the war. Please share!

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.