FEDERAL RESERVE NOW BACKSTOPPING $75Tril. OF BOE'S DERIVATIVES!

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FEDERAL RESERVE NOW BACKSTOPPING $75Tril. OF BOE'S DERIVATIVES!

Post by Toaster on Wed Oct 19, 2011 7:35 pm

http://dailybail.com/home/holy-bailout-federal-reserve-now-backstopping-75-trillion-of.html

TL;DR: bank of america dumped its derivatives into the banks of europe, and the fed is insuring those derivatives,so we are now responsible for europe's debt, they collapse we are stuck holding the bag


Last edited by Toaster on Thu Oct 20, 2011 11:35 pm; edited 1 time in total
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Re: FEDERAL RESERVE NOW BACKSTOPPING $75Tril. OF BOE'S DERIVATIVES!

Post by Aeropsia on Thu Oct 20, 2011 12:08 am

This is treasonous.

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Re: FEDERAL RESERVE NOW BACKSTOPPING $75Tril. OF BOE'S DERIVATIVES!

Post by ZachAddair on Thu Oct 20, 2011 1:00 am

Anyone willing to organize mass BoA strikes or walk outs? I work for BoA, BTW. Smile
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Re: FEDERAL RESERVE NOW BACKSTOPPING $75Tril. OF BOE'S DERIVATIVES!

Post by Toaster on Thu Oct 20, 2011 1:47 am

looks to me like they are getting ready to jump ship
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Re: FEDERAL RESERVE NOW BACKSTOPPING $75Tril. OF BOE'S DERIVATIVES!

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