"CASINO": Don't Let Wall Street Gamble America's Economy on a Derivatives Crap Shoot
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Watch Capitalism - A love story
there's a whole part on derivatives.
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What's a derivative? What's a derivative? What's a derivative? What's a derivative?
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propaganda
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Derivatives in their own right are fine. i.e. contracts that are based on an underlying market (stocks, bonds, ETFs in America, CFDs outside America, etc) but when you have bets on bets on bets that is just a recipe for disaster. Nomi Prins is right, TBTF should be TBTE (Too Big Too Exist).
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How about repealing the CRA instead which lead to this whole mess? How about privatizing the GSE's? If anything is crap is this add.
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Wait until they start gambling on the new casino game "Cap and Trade"...
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Rep. Perlmutter's (D "Blue Dog"-CO) loopholes in the House "reform" bill exempts derivatives and leaves TBTF in tact and Wall Street asset Sen. Dodd's bill looks to be even worse. This is propaganda because the attention should be directed at Corporate-owned Democrats but the last time someone tried to take on the real problem, lobbyist-owned Democrats, Rahm Emanuel called them "F'ing retarded"... hence the reason this ad is by "allies" Newspeak for DNC/DLC- approved via loyalty.
SensiScholar 1 year ago 3
What a load of crap.
Mike222222222 1 year ago