At this point anyone who has BofA or Citi accounts are morons or in a trance of ignorance. I feel for these next victims, but how many times do people need to be warned? Once more I guess.
Go Reggie. The next major move in both europe and the US and globally, will be the biggest bank Run in history. RUN FORREST RUN….!
That Lauren Lyster is the cutest of the news babes…
Why would anybody take American ratings agencies’ ratings seriously any more?
Oh I forgot, people still have Stockholms syndrome and they love and trust their captors.
“Why would anybody take American ratings agencies’ ratings seriously any more?”
“There’s a sucker born every minute”
I feel like I should put a sign on my vehicle saying something like “Get your money out of B of A accounts as soon as possible or it may disappear”, as a token effort to warn people.
holy fuck. reggie has nice shirts.
that was a good throw by that greek copper, it must have hit that greek on the head with the noise it made. then he burst inti flames.
jpmorgan in in on the transfer. http://www.trade4all.com/view_newsletters.php?email_id=36108&thetitle=Break+Out+or+Break+Down%3F&desc=…
jp morg puts the move on b of a predicted by a cartoon youtube m&s posted at least last month. sure morg will be doing their patriotic duty picking up b of a’s pieces for pennies on the dollar.
Sounds like nothing another bailout wont fix. Ohh, I forgot, . .we’ve reached the point in earths history were there are’nt enough natural resources to service the debt. Well, . . Obama could get a $100 trillion loan. Shoot, . .that wont work.
Oh . .I know now. The banks can just start a massive die off of the population and when there’s only 500 million of us left, they can go back to the paradigm of infinite growth on finite planet until every living thing has been destroyed.. That’s what they’ll do.
@Wahrheit, another good reason for watching RT(Polar opposite in every way to the dreadful Ann Coulter)
Can’t imagine the average hard working American being very happy with Blythe single handedly helping to bring down their economy in order to bail out Europes debt.Blythe in 1997;
”Five years hence, commentators will look back to the birth of the credit derivatives market as a watershed development for bank credit risk management practice. Credit derivatives will fundamentally change the way banks price, manage, transact, originate, distribute and account for credit risk. ”
RAPE OF THE TAXPAYER , REGGIES WORDS HOW TRUE
time for OWS to ring fence the Fed
Arrest the banker morons! If they had brains they would be dangerous.
Most would say BNP but since they’re in the FED (yes! they are) I think it’s rather going to be SocGen or, if they are dragged off the podium by the ECB, CreditSuisse. If the latter happens it’s all out war and many many EU banks will fail before, uhm before what, before we get the SDR stuffed through our throaths I fear.
$50Tn CDS notional amount doesn’t mean a helluva lot if one doesn’t know what the underlying contract actually is… What is the actual amount AT RISK here? Is it some kickback like 0.005% for every downgrade or what?
And who are the counter-parties ?
Of course there is contagion. The US Fed has been bailing out European banks the entire time this collapse has been ongoing (and probably before 2007). If this is news, then we have a long way to go to wake people up with education.
This man is absolutely right. The only solution is debt jubilee. Extinguishing all debts is the ONLY solution, since that is never gonna happen what can we expect the economy to look like in the next few years?
How disgraceful is it that we in Europe and the USA have to go to RT to find a atom of truth about our banks?The problem is bigger than most of us want to think it is .We must admit that there was/is a good deal of “book cooking”going on,and the people who knew that the KITING was going on were paid well to KEEP QUIET!There are a lot of perpetrators.
is anyone else captivated by the two moles?
Ratings are meaningless apart from all the funds who have policies to move in and out of products depending on the dodging ratings. It’s institutionalised BS. All part of the systemic fraud factory.
dodging should be ‘dodgy’ :-/