Monday, April 14, 2014

The Global Banking Game Is Rigged, and the FDIC Is Suing

The Global Banking Game Is Rigged, and the FDIC Is Suing

"Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it."