RR Study Confirms Economy Was Destroyed by Democrats
Hat tip to : Jim McCormack Date: 4/4/2013 8:49:34 AM Subject: Study Confirms Economy Was Destroyed by Democrats http://frontpagemag.com/2013/robert-moon/new-study-confirms-economy-was-destroyed-by-democrat-policies/ ------------------------------------------------------------------------------- But bankers ain't so dumb. Given a choice of fighting off Big Govt and passing the risk off to others was a no brainer. Instaed of selling individual mortgages to other investors they split the mortgages hid pieces and used them to create "bundles" from pieces of many home mortgages to many different. They called them "derivitives". A derivitive that was composed of small pieces of many mortgages. Because of the good record of American homeowners paying off their mortgages in full, these derivitives were classified as safe investments. _____ Today, the 9 largest banks in the United States have a total of more than 200 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy. The U.S. government is already nearly 16 trillion dollars in debt. http://theeconomiccollapseblog.com/archives/when-the-derivatives-market-crashes-and-it-will-u-s-taxpayers-will-be-on-the-hook When replying to this message, plz cc: [email protected] to assure prompt reply. TEA Party Nation Top Ten Tips For Getting The Most From Your TPN Membership! http://www.teapartynation.com/?xg_source=msg_mes_network I’m as mad as hell, and I’m not going to take it any more. http://www.youtube.com/watch?v=q_qgVn-Op7Q Mrs. Richard "Peggy" Martin (1935 - 2012) http://www.legacy.com/obituaries/dfw/obituary.aspx?n=margaret-irene-martin-peggy&pid=159081400&fhid=12241#fbLoggedOut http://www.legacy.com/guestbook/dfw/guestbook.aspx?n=margaret-martin&pid=159081400&sort=1 <> <> <> -- -- To join RichsRants, send email to: [email protected] For more options, visit this group at http://groups.google.com/group/richsrants?hl=en --- You received this message because you are subscribed to the Google Groups "RichsRants" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
