Citigroup Has More Derivatives than 4,701 U.S. Banks Combined; After Blowing Itself Up With Derivatives in 2008

http://wallstreetonparade.com/2016/07/citigroup-has-more-derivatives-than-4701-u-s-banks-combined-after-blowing-itself-up-with-derivatives-in-2008/

How do they get away with this?

Since 2008 crash….”77 percent of all U.S. banks found zero reason to engage in high-risk derivative trading.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99-cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.”……

So Bernie will ‘surrender’ the reins for the “siren call for the political revolution……… to the Clinton Wing of the Democratic Party — otherwise known as the Wall Street Banksters.”

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