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Tag Archives: con

Ratigan calls the Federal Reserve a “con job”

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make believe world of interdealer CDS

 ~~~~ ” …What Geithner and Fed Chairman Ben Bernanke failed to tell the Congress, President-elect Barack Obama and the American people is that CDS dealers don’t post any effective collateral at all with other dealers. So much for the legal requirements for safety and soundness in 12 CFR. If Barack Obama and the Congress ever […]