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Clearing houses the next shoe to drop?

Published:

Last Edited: January 19, 2012, 8:57 am

In politics, nothing happens by accident ... -- attributed to FDR


"In an ideal world there would be a single global, not for profit, CCP (central counterparty) backed by all central banks," -- Paul Orchard, head of OTC Clearing at UBS

http://www.reuters.com/article/2012/01/16/clearing-default-idUSL6E8CD4AL20120116

 

So, it's "ideal" for fewer and fewer (unaccountable) people banksters to hold the levers on a more and more complex system. Yeah. That'll work ... for them. Cussing Face

Entry #700

Comments

1.
TigerAngelComment by TigerAngel - January 19, 2012, 2:20 pm
Pretty cool vid there time*treat.

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