Monday, January 06, 2014

As We Edge Toward "Safe Derivatives" For Credit Unions In The New Year ....



"I'm b-a-a-c-k…"

"Derivatives the financial instruments which were primarily responsible for the 2008 financial meltdown… "  

"[Now we have a Congressional] bill that has passed the House which would repeal certain restrictions on derivatives which was written primarily by Citibank lobbyists…"

"In a sign of Wall Street's resurgent influence in Washington, Citigroup's recommendations were reflected in more than 70 lines of the House committee's 85-line bill.  Two crucial paragraphs, prepared by Citigroup in conjunction with other Wall Street banks, were copied nearly word for word."  

(Lawmakers changed two words to make them plural.)    

www.represent.us

Take a look at how this anti-corruption group chose to address this "derivatives" matter with the lead Congressional supporter of the bill…





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