The Mudcat Café TM
Thread #141984   Message #3270092
Posted By: Bobert
07-Dec-11 - 05:43 PM
Thread Name: BS: Understanding derivatives
Subject: RE: BS: Understanding derivatives
Heck with derivatives...

The real ballgame is with credit default swaps... They are flat out legal embezzlement where traders swap junk for junk and take out big commission$$$ for it...

The entire banking industry is corrupt down to it's toes... Even small community banks are thieves and users...

They all make me sick...

B~