GLOBAL FINANCIAL INSTABILITY: The J.P. Morgan "Derivative Loss"
Until Charlie Jones Monday morning interview with Mike from East Texas is posted this is the best article I have found to cover the topic.
The real loss may be $20 Billion out of a $100 Billion, not $2 Billion if I wasn't dreaming.
Is it AIG all over again?
Do we bail out the world, or do we bail out America and the economy survives?
Monday, May 21, 2012
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