Citigroup Bankruptcy: Federal Reserve & SEC Response
The purpose of this video is to discuss the real inside story regarding Citigroup’s potential bankruptcy and why the mortgage crisis, although real, is a ruse distracting the public from the real source of the problem. This is an unregulated shadow banking system dominated by hedge and private equity funds. Step one to turn the economy around should be that President Bush, Federal Reserve Chair Bernakke and SEC Chair Christopher Cox require these funds to register with the SEC and disclose their holdings and related accounting practices. Only then can confidence be restored.
Duration : 0:8:54
10 Responses to “Citigroup Bankruptcy: Federal Reserve & SEC Response”
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intellectual incest …
intellectual incest LOL
Great stuff.
Great stuff.
very well stated, …
very well stated, myself too have a substantial background within derivative instruments . People STILL have not realized how scared actually they should be
@fraMichigan: If …
@fraMichigan: If the administration would have listened to Eisenhower and Thomas Jefferson, we probably wouldn’t be in this situation. No luck. Bush is the decider. Remember?
Gramm-Leach-Bliley …
Gramm-Leach-Bliley Financial Services Modernization Act,
Citigroup can go to …
Citigroup can go to I hope they loose their ass.
Had the price of …
Had the price of looking been blindness, I would have looked. — Ralph Ellison
“If the America …
“If the America people ever allow private banks to control the issuance of their currencies,
first by inflation and then by deflation, the banks and corporations that will grow up around
them will deprive the people of all their property until their children will wake up homeless
on the continent their fathers conquered.”
-Thomas Jefferson
Citigroup had to …
Citigroup had to offer 3% more than government debt to sell a billion dollars worth of bonds that were rated AA minus. That is more than double the spread it had to pay late last year.
Nice analysis, …
Nice analysis, unfortunately neither Bush nor Bernanke will do anything about it.
The hedge funds have invested a lot in both of them. Economists are theorist fools.