Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (148112)	1/5/2015 11:36:58 PM
From: tejek	Read Replies (1) \| Respond to of 149319

I'm a funny guy. What can I say? How about this? You may have missed it, but a rider on the last budget bill passed was a provision WRITTEN by Citigroup which allowed for derivatives to be placed within FDIC insured corporate entities they own. It was billed by Senator Warren as a major defanging of Dodd Frank. I posted about it here when it happened. Anyway, do you wonder why that provision was passed? Well, it's because Citigroup has been up to the same old 2008 tricks again. They have increased their derivatives positions MASSIVELY in the last few quarters and they don't want to get left holding the bag for their gambling, if it goes wrong. They want you, the Taxpayer, to make good if their bets go wrong, but for them to profit, if they go right. This is scary shit...2008 style scare shit. As I've been saying for 6 years, Obama, Holder, and the Fed swept everything under the rug, didn't prosecute anyone, and made the penalty for large scale financial crimes merely a small percentage of earnings. As a result, all the criminals are still up to their no good tricks and the next financial crisis is just a misstep away. What if the current currency hedging issues from plummeting oil becomes a catalyst for CDS blowouts and derivative value collapses? Then it's going to make 2008 look like a picnic. My question: how many times are you going to post this issue?