Posted by Warm Southern Breeze on Saturday, March 6, 2010
“Credit-default swaps – where you insure your neighbor’s house just to destroy it and make money from it – that’s exactly what we have to curb.”
How dangerous is it for money traders to take bets on, and therefore exploit, a nation’s budget deficit or any other fiscal crisis?
Regarding the quote, if you guessed that Harry Reid, President Obama, Janet Reno, George W. Bush, …Continue…
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Posted in - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: bank, bankers, banking, credit, credit default swaps, default, derivatives, finance, fiscal, fraud, government, liars, money, money grubbers, rich, speculators, swaps, thief, thieves, traders | 4 Comments »