If there was one part of Dodd-Frank that was effective and needed, it was the part that required Too Big To Fail Banks to eat their derivatives losses. Your Congress, a fully owned subsidiary of Wall Street, just eliminated that provision, so get ready to bail them out yet again. The result, losses in the trillions, absorbed by you taxpayer is a foregone conclusion. 

Direct download: John_Rubino_15.Dec.14.mp3
Category:general -- posted at: 11:35am EDT
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