Exogen: Wall Street Demands Derivatives Deregulation In Government Shutdown Bill
WASHINGTON -- Wall Street lobbyists are trying to secure taxpayer backing for many derivatives trades as part of budget talks to avert a government shutdown.
According to multiple Democratic sources, banks are pushing hard to include the controversial provision in funding legislation that would keep the government operating after Dec. 11. Top negotiators in the House are taking the derivatives provision seriously, and may include it in the final bill, the sources said.
The bank perks are not a traditional budget item. They would allow financial institutions to trade certain financial derivatives from subsidiaries that are insured by the Federal Deposit Insurance Corp. -- potentially putting taxpayers on the hook for losses caused by the risky contracts. Big Wall Street banks had typically traded derivatives from these FDIC-backed units, but the 2010 Dodd-Frank financial reform law required them to move many of the transactions to other subsidiaries that are not insured by taxpayers.
R.V. / GCR December 8, 2014 at 3:24pm hint hint …over the next three days Iraq holiday there is sixteen thousand people taking buses to Baghdad and they expect their money
If not all the tires in back that will be on fire by Friday at mosque because the promise took for way too long and the people have an expectation
R.V. / GCR December 8, 2014 at 3:10pm As of right now the cheese looks like Thursday at bank opening
Janya > R.V. / GCR December 8, 2014 at 3:16pm What happened, PT?
R.V. / GCR > Janya December 8, 2014 at 3:19pm the truth as we see it right now… first of all the global pay account was signed but not released yet according to what was and is
However, I have heard in the background somewhere today that there has been a release of some money… this is cool but in the meantime the media is going to tell you guys all about the Republicans and how they are the bad guys are going to shut down the government
And then you're going to hear all about and Barack Obama and the Democrats save the world today with the new gold backed asset-backed money and then Barack Obama will be carried into the room on everybody shoulders and you guys can all have a savior and then rush to the bank and thanks Barack Obama and kiss his feet
I wish you well… I love love love love love the fact that there's still deception coming from all four sides… happiest of cameras days..timber
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Davidachek December 8, 2014 at 3:20pm
JC@JCR3758: The US Ambassador in Iraq had a meeting with the finance minister to discuss the final details prior to the release to the public.
Cosmic Consciousness December 8, 2014 at 5:01pm
JC@JCR3758: We are in a window. IMF has timeline. Iraq plans on getting it done. US is in agreement. The rollout is on track. Relax & let it happen
JC@JCR3758: Results from both meetings were highly favorable.
[.~Bulldog75] PROBABILITY: ON THE CE/GLOBAL RESET WINDOW, WE SHOULD SEE OIL NEAR $55, GOLD UNDER $1100, SILVER UNDER $15. ALL RARE METALS SHOULD FOLLOW SUIT.
THE EAST HAS A MAJORITY OF THE GOLD, AND WILL MAKE THE NEW RULES/PRICES ACCORDINGLY. HE WHO HAS THE GOLD MAKES THE RULES.
BRICS NATIONS FOLLOW THE LEADER, CHINA. RUSSIA IS SECOND NATION TO CHINA IN GOLD.
CHINA WANTS ITS INVESTMENTS BACK, SO IT WILL PROP THE USA TO NOT FALL.
BE OPTIMISTIC YET PREPARED. THE NUMBERS ARE 3.33 TO 11.11 BASED ON WHO OR WHERE YOU ARE.
AND THEN ON THE CE/RESET; OVER NIGHT GOLD WILL ESCALATE SOMEWHERE BETWEEN $3,000-$5,000 PER OUNCE BASED ON SUPPLY & DEMAND. DOUBLE GONE.
[.~Bulldog75] Brent crude and West Texas Intermediate slumped to five-year lows because hedge funds and other money managers bet too much on rising prices. There appears to be no bottom at this point.
PAPPA-J » December 8th, 2014, 6:23 pm
If you wonder what day the fiscal year for Iraq is ---- Iraq banking law, page 31 ,section 6, accounts and financial statements, article 40 financial year
DLR » December 8th, 2014 The only way to get the best of an argument is to avoid it.
When you no longer split your flow of energy with contradictory thoughts, you will know your power.
rbgdarbydan Jim Willy interview sheds critical light on what is going on behind the scenes
Video Total: (59 mins)
12/4/14: Jim Willie "The Western Banking Cabal's Stranglehold"