Conversation: The Benevolence of Western leaders

DemocracyTimes

This Christmas the western leaders at the G20 gave us something special, its called:

Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in resolution

Translation:

When the multi-trillion dollar derivatives markets collapse at the next economic crisis, the bank will use your money and assets to help cover the losses.

AE

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2 thoughts on “Conversation: The Benevolence of Western leaders”

  1. Too bad ordinary souls like you and me always have to balance the books, while the banksters turn there places into revolving casinos where all losses are permanently covered.

    Bear markets, bull markets, the whole e ff-ing Zoo.

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