US Depositors on hook for Greek CDS Contracts

Discussion in 'Markets & Economies' started by CriticalSilver, Oct 21, 2011.

  1. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Oh, the inequity of it all. BoA transfered 50 trillion in CDS obligations to its retail bank so when Greece crashes and burns the Euro Banks that funded the Greek debt get first right on their depositor's funds!

    This is simply so transparent a fraud and such a failure of their responsibillity for their depositor's interests that it is almost unbelievable.

    [youtube]http://www.youtube.com/watch?v=lOuOz2mec3Y[/youtube]

    Do you get the feeling that they are goading the public into revolt on purpose? What is obvious, the average person can not grasp the extent and depth of their immorality.

    Video via MaxKeiser.com
     
  2. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    Inequity? More like disgustingly immoral. But one should not be surprised by anything our US "friends" do. Forewarned is to be forearmed.
     
  3. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Don't forget that the citizens of America are the victims here too, it is not the USA causing this problem, it is small groups of people have manipulated the US government, banks and military, and they know no national borders. It's not fair to blanket blame the "USA".
     
  4. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    The USA (being a general term for the population as a whole, companies, military, government, government beaurocracy's etc) is IMO indeed to blame and there is nothing unfair at all about the generalisation. Its used by the US to stereotype other nations/peoples. Its also used and has been used in the past to hold entire nations (including the domestic populations of those nations) to account for the actions of a select few. There is no exceptionalism for the USA IMO.
     
  5. rbaggio

    rbaggio Active Member Silver Stacker

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    I don't understand ....

    .... why every presenter on RT is a hot young female?
     
  6. Ernster

    Ernster New Member

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    Trust me...their strategy is working, with me at least :lol:
     
  7. jnkmbx

    jnkmbx Well-Known Member

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    She's not young o_O

    Oh right, we're in different age groups =_=



    *blanket blames the USA like they blanket bomb the middle-east* :p
     

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