Be afraid, very afraid

nitro said:
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Warren is suggesting that AIG was bailed out because some of their counter parties in swap transactions were the major investment banks. But isn't that another good reason why a collapse of AIG had to be prevented, saving the skin of not only the major investment banks, but thousands upon thousands of other counterparties, world wide, as well? It had to be done, though no one was happy about it. Fortunately, in the end, it cost the taxpayers nothing and Treasury made a net profit on the transaction.
 
Why aren't these things studied in Junior High School and High School in this country? Instead they are teaching them about King George the III?

Why isn't there a Modern American History, from 1960 to the Present?
 
Just to be certain, this disease is not just confined to the US. I don't know if they have been brought to criminal charges:

The co-CEOs of Deutsche Bank, buffeted by high-profile legal troubles, are resigning from their posts atop one of the world's largest financial companies

http://money.cnn.com/2015/06/07/investing/deutsche-bank-ceos-resign/index.html

In that case, they manipulated Libor. Crime PAYS!!!!

Notice these banks are all trying to exit their host country. I can't WAIT for that to happen. This will begin the process of reassigning people jobs away from the financial sector. It will eventually be these banks own undoing.

As in chess, the threat is often stronger than the execution.
 
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The Democrats are divided between the corporate wing and the progressive wing? --- [Skip all the annoying ads in the front of the video]

 
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