“Looting Main Street”
JP Morgan accumulate profit margin invest destroy in full effect!
Check out a quite interesting/entertaining/sad article in the Rolling Stone magazine. It’s a story about corruption on so many levels.
It’s like gambling on the weather. If your bondholders are expecting you to pay an interest rate based on the average temperature in Alabama, you don’t do a rate swap with a bank that gives you back a rate pegged to the temperature in Nome, Alaska.
Not unless you’re a fucking moron. Or your banker is JP Morgan.
(Cheers to Global Guerrillas for the link.)
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