Derivatives 2

The following link takes you to a PBS: Frontline Video of approximately 54 minutes.

This candid program shows historically and graphically how the Feds ignored a then 300 Trillion dollar black market, (outside of Fed knowledge and regulation), called "Derivatives". Today that same market is estimated to be a "647 Trillion Dollar systemic exposure"...meaning massive financial market failure through a "domino effect".

Remember AIG? Remember your TARP funds going out the window to bail out Wall Street?

Congress still does not have a clue what a "derivative" actually is...let alone how to control or regulate it. How do you control a multi-billion dollar bet using an insurance policy?

Sleep well.

http://video.pbs.org/video/1302794657