Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Finally, if you read the article carefully, you can see that it was a lot less than $50T that was transferred and that it is standard procedure for banks to have derivatives in the depository branch. That "story" was just scaremongering - which like most of similar crap appears designed to distract people from underlying issues of asset allocation, income/wealth inequality, and corporate organization that might be more troubling to Bloomberg than faux-scandals.
by rootless2 on Sat Dec 10th, 2011 at 07:59:44 PM EST
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