TYT: Wall Street Setting Up Financial Armageddon

[WhoIsNumberNone]

"A crucial change in the way financial derivatives are packaged and sold on Wall Street is enabling traders to bypass new regulations aimed at limiting reckless speculation, enhancing the prospect of another derivatives crisis, warn some market participants."*

The Dodd-Frank financial reform law came into effect in 2007 in response to the financial crisis- it required safeguards for investors to cover losses on their derivatives trades. But what if investors found another, risky, way around that? That's what's happening now. Is it time to start the financial armageddon clock? Cenk Uygur breaks it down.

[newfie11]

1. K&R

HOLY SHIT!!!!

[They_Live]

2. Elizabeth Warren...

...please tell me you know about this.

[Lobo27]

3. 600+ trillion??????

How is there so much money in the world, how is that even possible. Printing money? Fake money using money that isn't even there. Good God!!!!!!!!!!!!!!!!!!!!

[snappyturtle]

4. This is so scary. How can the average person prepare for this?

[Fire Walk With Me]

5. Banks have been manipulating countries into "austerity" and then installing Goldman Sachs

personnel even into top positions (Italy). Look at what has been done to Greece, Italy, Spain, Portugal, Ireland, and wonder not a moment that they'd do it here, because they are insulated from economic instability. It's called Disaster Capitalism, creating causes and conditions.

Fuck wall street.