2016 Postmortem

ymetca

(1,182 posts) Wed Mar 16, 2016, 04:04 PM Mar 2016

$247 Trillion in Derivatives

I sure wish ANYONE on TV would ask ANY of the candidates their thoughts on this stuff:

According to the official reports from the regulator of national banks, the Office of the Comptroller of the Currency, at the end of the first quarter of 2008, the 25 top bank holding companies in derivatives held $186 trillion in derivatives. As of September 30, 2015, that figure is $247 trillion – a 33 percent increase.

http://wallstreetonparade.com/2016/03/bloombergs-matt-winkler-tells-some-whoppers-about-wall-street-reform/

The next crash is only a matter of when.

If the plutocrats who own this nation can fend it off until after the election, they'll have a friend in HRC. Bernie, not so much. Especially if it happens before November.

If Trump wins, we can expect him to immediately attack {fill in the blank} for {something irrelevant to the problem}.

It's a win-win either way for the powers that sway!

Truth is simple, but seldom ever seen --Linda Ronstadt

3 replies

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$247 Trillion in Derivatives (Original Post) ymetca Mar 2016 OP

Hillary brought bills to the floor addressing derivatives in 2007... JaneyVee Mar 2016 #1

Interesting point.. ymetca Mar 2016 #2

Then there is this... ymetca Mar 2016 #3

JaneyVee

(19,877 posts)

1. Hillary brought bills to the floor addressing derivatives in 2007...

Reply to ymetca (Original post)

Wed Mar 16, 2016, 04:06 PM

Mar 2016

Before the crash. Where was Bernies bills?

ymetca

(1,182 posts)

2. Interesting point..

Reply to JaneyVee (Reply #1)

Wed Mar 16, 2016, 04:33 PM

Mar 2016

Politifact thinks this is "true":

http://www.politifact.com/truth-o-meter/statements/2015/jul/15/hillary-clinton/hillary-clinton-says-she-called-wall-street-regula/

But I find her plans a bit dubious. "Transparency" and "oversight" are the terms politicians use to avoid saying "make illegal" and "impose criminal penalties".

Granted, Bernie has about as much chance as Hillary getting Congress to rein in Wall Street. So I guess it's disingenuous for us to pretend otherwise.

Still, the person who talks toughest has the most to prove. I'd like to see him get that chance.

ymetca

(1,182 posts)

3. Then there is this...

Reply to JaneyVee (Reply #1)

Wed Mar 16, 2016, 06:23 PM

Mar 2016

Breaking up banks, jailing the lawless executives, forcing Wall Street to work for Main Street: Hillary Clinton’s stern proclamations of impartial law enforcement and strict regulation are difficult to take seriously.

Wall Street doesn’t. One bank executive assured his clients, “We continue to believe Clinton would be one of the better candidates for financial firms.” He was quoted in a CNN Money article, “Wall Street Isn’t Worried about Hillary Clinton’s Plan,” which stated,

Hillary Clinton unveiled her big plan to curb the worst of Wall Street’s excesses….The reaction from the banking community was a shrug, if not relief.

http://www.counterpunch.org/2016/03/16/the-clintons-93-million-romance-with-wall-street-a-catastrophe-for-working-families-african-americans-and-latinos/

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