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To: ExxonPatrolUs
Give the banks two options - keep the derivatives and add the reserves, or unwind most of them and they won't need to add the reserves.

Plan C and D are probably what the banks are counting on instead - more QE and federal bailouts.

5 posted on 11/08/2012 12:20:57 PM PST by dirtboy
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To: dirtboy

I guess we’re just supposed to let the clown juggle running chainsaws in a crowded room and deal with the carnage if it all goes horribly wrong.

What they are doing with these “financial instruments” is dangerous to the rest of us, and should be banned. Kind of like running the local meth dealer out of business, no?


6 posted on 11/08/2012 12:27:40 PM PST by Wolfie
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