Derivatives are the way the financial sector counterfeits wealth. There are now over two quadrillion dollars in derivatives percolating through the global economy and that amount is growing daily through the same wealth generating process that check kiters use ... the playing of trade float that prevents the actual value of investment paper from catching up with the fraud value of investment paper in circulation. Any regulations that slows down the system is like a teller putting a hold on a check in a check kiter's con ... it would cause the con to crash. That is why we see this type of legislation introduced by a Wall Street Congressman.
The massive amount of derivative fraud is also why the stock market is breaking records in the middle of a global Depression. All the excuses of why Wall Street is doing well compared to Main Street falls flat when you exclude massive institutional fraud from the equation.
Read the Article at HuffingtonPost
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