(Before It's News)
It’s Your Backyard Ventura County This a huge potential financial scandal Why “buy” those derivatives- credit default swaps, which are basically bond default insurance, when they ae so risky? They should be paid well to take them. It can ONLY be a prelude to financially raping America. Why would American banks possibly want to buy these huge potential money losers […]
Source:
http://citizensjournal.us/shocker-jpmorgan-goldman-sachs-citi-to-purchase-1-trillion-toxic-derivatives-from-deutsche/