Jew Banksters are Jewing Again - US gov. to Backstop Credit Derivatives

[abduLMaria]

A secret vote by a group of Jew Banksters.

This last Tuesday May 22, the "Financial Stability Oversight Committe" voted to assign the CME with the stamp of "Systemic", i.e., Too Big to Fail.

The CME Group being
A/  A Self-Regulating Financial Organization, and
B/  the organization whose job it was to manage the MF Global collapse - in which JP Morgan was involved.

I wonder if this is related to JP Morgan's recent $2 Billion/ $WTF Billion & growing credit derivatives loss.  Or to a possible default at Crimex.

The CME theoretically regulates Credit Derivatives.


http://online.wsj.com/article/SB10001424052702304840904577422393164106270.html

However, if you don't have a Wall Street Journal subscription, you can't access the whole article, which was excerpted at other websites -


http://lonelyconservative.com/2012/05/talk-about-inheriting-a-mess/

    "J.P. Morgan's recent trading loss and the resulting Washington blather about tighter regulation have grabbed headlines. Little noticed is that on Tuesday Team Obama took its first formal steps toward putting taxpayers behind Wall Street derivatives trading—not behind banks that might make mistakes in derivatives markets, but behind the trading itself. Yes, the same crew that rails against the dangers of derivatives is quietly positioning these financial instruments directly above the taxpayer safety net.

    As we noted in May 2010, the authority for this regulatory achievement was inserted into Congress's pending financial reform bill by then-Senator Chris Dodd. Two months later, the legislation was re-named Dodd-Frank and signed into law by Mr. Obama. One part of the law forces much of the derivatives market into clearinghouses that stand behind every trade. Mr. Dodd's pet provision creates a mechanism for bailing out these clearinghouses when they run into trouble."


http://www.dailykos.com/story/2012/05/26/1095074/-Stunner-Gov-t-Secretly-Moves-To-Backstop-Wall-Street-s-Derivatives-Exchanges-Globally

"The Financial Stability Oversight Council secretly voted to proceed toward inducting several derivatives clearinghouses into the too-big-to-fail club. After further review, regulators will make final designations, probably later this year, and will announce publicly the names of institutions deemed systemically important.

We're told that the clearinghouses of Chicago's CME Group and Atlanta-based IntercontinentalExchange were voted systemic this week, and rumor has it that the council may even designate London-based LCH.Clearnet as critical to the U.S. financial system."


There's never just one Jew Cockroach.