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Banks Win Big as Regulators Refuse to Rein in $700 Trillion Derivatives Market (Original Post) marmar Jun 2013 OP
Did anyone really, deep down, expect anything else ? russspeakeasy Jun 2013 #1
Yes, Nov. 7 2008 . orpupilofnature57 Jun 2013 #2
Who's yer daddy. L0oniX Jun 2013 #3
Thank you Marmar for this piece dixiegrrrrl Jun 2013 #4
K&R cprise Jun 2013 #5
Obama CFTC appointee sides with banks. hay rick Jun 2013 #6
When I was a young boy in the mid 1960's I lived with My Grandmother. BillyRibs Jun 2013 #7
HUGE K & R !!! - Thank You !!! WillyT Jun 2013 #8
I think that is a lager set of bets oops Derivatives than cause the 08 crash. pam4water Jun 2013 #9
 

BillyRibs

(787 posts)
7. When I was a young boy in the mid 1960's I lived with My Grandmother.
Mon Jun 3, 2013, 08:24 PM
Jun 2013

I wondered why My Grandmother HATED the banks so much. (The schools were at that time teaching us to save money and banks were sponsoring saving accounts for children.) Each month she would cash her pension and SS checks take all of it in cash and lock it in her own safe. when I once questioned her about this practice, and told her about what we were learning in school. She asked me if they had taught me about what the banks did during the depression. when I asked her what was the depression. she scoffed and said Billy I don't trust banks with my money. They robbed me once, never again. You would do well to heed My advice, they're not to be trusted, not now, not ever.

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