What could possibly go wrong? – Dave
According to data from the Office of the Comptroller of the Currency (OCC), the regulator of national banks, as of March 31, 2009, five bank holding companies held $277.57 trillion in derivatives (notional/face amount). At that time, according to the FDIC, there were 8,249 federally-insured commercial banks and savings associations in the U.S. but just five bank holding companies held 95 percent of all derivatives at all U.S. banks. Those financial institutions were: JPMorgan Chase, Bank of America, Goldman Sachs Group, Morgan Stanley and Citigroup.
Bill’s Commentary:
“Back in the day when our leaders had the best interests of their country in mind. Today, government spending is one giant pork belly sliced, diced, and passed out to cronies…”
A recording of a phone call between President Kennedy and General Godfrey McHugh, the Air Force aide to the President. Ever sensitive to public opinion, President Kennedy was horrified to open the paper one day and see a photograph of a navy aide standing next to an expensive new naval project — a hospital bedroom that had been built at a base on Cape Cod, to be ready in case Jacqueline Kennedy went into labor with their son, Patrick Bouvier Kennedy. Such an expenditure seems modest today, but Kennedy was irate at the cost and, even worse, the publicity involved. This recording is a part of “Listening In, The Secret White House Recordings of President Kennedy,” available in stores now.
I’m still buying Junk Silver whenever I run across it! Tks
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