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Re: keepdreaming132 post# 112669

Wednesday, 10/19/2022 10:43:47 PM

Wednesday, October 19, 2022 10:43:47 PM

Post# of 140160
Sadly you are correct there. Nothing will change until enforcement or hitting SHFs in the wallet happens...or both.
"And, despite the promise of Congress to reduce the threat of derivatives through the passage of the Dodd-Frank legislation, more than half of derivatives at U.S. global banks remain non centrally cleared today — more than 12 years after the passage of Dodd-Frank."
"This is not some pie in the sky fantasy. Wall Street has a history of blowing up things with derivatives. Merrill Lynch blew up Orange County, California with derivatives. Some of the biggest trading houses on Wall Street blew up the giant insurer, AIG, with derivatives in 2008, forcing a $185 billion bailout. JPMorgan Chase blew up $6.2 billion of its depositors’ money in the London Whale derivatives scandal of 2012-2013. And, according to the Financial Crisis Inquiry Commission (FCIC), derivatives played an outsized role in the spread of financial panic in 2008."
Article-One or More Corporations Will Blow Up from Derivatives along with Global Banks
It's past the time for accountability to rear it's head again...
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