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devon girard
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anyone with real money should consider the MF Global case' implications: regulators will side w/ the banks in event of bankruptcy, and your money will disappear (read: instantly and legally repossessed by your bank's overnight lenders):

http://www.informationclearinghouse.info/article30085.htm
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we'll take our profit and keep your assets too!

fascinating details of the legal "special treatment" given to derivatives -- and how it makes them a safe-haven (of sorts) in times of financial uncertainty - which creates a death spiral of leverage, leading by design (!) to the collapse of one or more of the trading parties.

http://www.informationclearinghouse.info/article30016.htm

in a nutshell: "markets feel dangerous now, better tie up our cash in these seizable asset categories, so that when our trading partner(s) reach critical exposure, we can impose pressure, force bankruptcy, and keep the goodies (collateral) without having to stand in line w/ normal creditors...."
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some pretty grounded, non-radical, dare I say 'mainstream' analysis -- supporting gov't bank regulation and transaction taxes -- and blowing the whistle on a lot of the false arguments touted by bankster apologists and disingenuous 1% fear mongers:

http://www.aljazeera.com/programmes/talktojazeera/2011/12/2011121074125944352.html
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well put!

"We have been distracted here and in Europe by a sudden panic over our "sovereign debt" crises, when the real crisis is that our debt is not sovereign.... Wall Street creates our money and lends it back to us at interest, money our sovereign government could be creating itself, with full democratic oversight and accountability to the people."

http://atimes.com/atimes/Global_Economy/ML10Dj03.html
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