FDIC Warns About Big Four Banks' $168 Trillion Derivatives Book.(maneco64)

This is an excellent look into the dangers of the derivatives market. This leveraged side betting needs to stop and all derivatives contracts, and moneys, voided. These things are traded because the traders get fees for dealing with these things. They're a scam. If they fail, and payments need to be made to cover losses, the payments will be so large that they will bankrupt all the major institutions. All this on conjured up fake money. 

[Posted at the SpookyWeather2 blog, June 26, 2024.]