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12-30-2009, 09:18 PM #1
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JP Morgan and Goldman Sachs Trillions Deep In Derivatives or
JP Morgan and Goldman Sachs Trillions Deep In Derivatives or Dumbed-Down Reporting?
Stock-Markets / Market Manipulation
Dec 30, 2009 - 12:10 PM
By: Rob_Kirby
On December 29, 2009 The New York Post [josh.kosman@nypost.com] published an article titled, Deep in derivatives, http://www.nypost.com/p/news/business/d ... rTyE77HqWO where scribe Josh Kosman ‘took-a-shot’ at explaining the ABSURDITY of the bind boggling derivatives positions amassed by financial behemoths such as J.P. Morgan Chase and Goldman Sachs. In an attempt to explain how dangerously systemically-interconnected derivatives makes ALL banks, Kosman began;
“The amounts are so large that if the swaps and other derivative contracts the banks broker go bad because the parties on either side of the deal collapse, the banks could be in trouble.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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