Taxpayers Now Stand Behind Derivatives Clearinghouses

My comment on this article:  Let’s hope derivitaves don’t blow up again (even though it’s only logical that it will)… cause the infastructure to make the tax payers pay is coming into place.

Jim Sinclair,  Chairman and CEO of Tanzanian Royalty Exploration Corporation (TRX: Altanext NYSE platform, TNX: Senior Toronto Stock Exchange) comments on this article:

“QE to infinity is going to be guaranteed by the taxpayer, you.  Derivatives have exploded again. Morgan’s losses must be humdingers.  You can be sure there are many more out there hiding is plain sight. That is what a step like this means.”

The Wall Street Journal “A Mess the 45th President Will Inherit:  Taxpayers now stand behind derivatives clearinghouses.”  May 23, 2012

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About Julie

Just a girl who loves her country and is trying to learn the truth. Share with me in my adventures! View all posts by Julie

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