Friday, July 6, 2012

The last straw



While the European leaders are still messing around, trying to solve their debt problems with more debts, trying to postpone the possible collapse of the Eurozone.

Some started to talk about a possible derivative bubble - 6 largest banks in US with a total assets of only $6 trillion have more than $224 trillion of exposure to derivatives.



On Tuesday, the CEO of Barclays resigned over Libor Interest Rate-Rigging Scandal that affects a $800 trillion markets.
Can this be the last straw that breaks the camel's back ?
Click 'The Biggest Financial Scam in World History' to read about the scandal and how the big banks robbed the whole world.


Courtesy of channelingmyself.com



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