Clearing houses the next shoe to drop? /blogentry/62494 time*treat's Blog: Clearing houses the next shoe to drop? en-us Lottery Post RSS Generator Comment #1 /blogentry/62494#c73384 /blogentry/62494#c73384 Thu, 19 Jan 2012 19:20:43 GMT TigerAngel Pretty cool vid there time*treat.

]]> TigerAngel Original Blog Entry: Clearing houses the next shoe to drop? /blogentry/62494 /blogentry/62494 Thu, 19 Jan 2012 13:52:58 GMT time*treat 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.

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