"America was founded on the principle of inalienable rights, not dictated duties. The Declaration of Independence states that every human being has a right to life, liberty and the pursuit of happiness. It does not state that he is born a slave to the needs of others." ~ Alex Epstein
Federal Reserve Now Backstopping $75 Trillion Of Bank Of America's Derivatives Trades
"What this means for you is that when Europe finally implodes and banks fail, U.S. taxpayers will hold the bag for trillions in CDS insurance contracts sold by Bank of America and JP Morgan. Even worse, the total exposure is unknownbecause Wall Street successfully lobbied during Dodd-Frank passage so that no central exchange would exist keeping track of net derivative exposure."
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