Abacus Deal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bank government ponzi bubble funded by you, the foolish taxpayer, who continues, a, to pay taxes and, b, to pay your bills to a bunch of people who are stealing your money. believe it. who said republicans and democrats couldn't work together to get things done? see, here we go. they are working perfectly well to screw you. but wait, it gets better this. next one is so good you just can't believe it. but you might have to. the aig bailout that got goldman sachs paid 100 cents on the dollar in the back door bailout to cover their bets, remember the abacus deal where they would innocent a nonsen...

Policy against a bond default, that makes no sense to me. >> senator dorgan, i'm confused. if you look at the abacus deal at goldman sachs, they created a synthetic bet on whether a bunch of bonds were going to collapse or not. and then, they bought a few billion dollars worth of naked credit default swaps as to whether that would actually happen. and then honestly, because as we know, wall street is all about making the dollars, my man, it's not about investing or lending, it's about getting the money outth and sure enough, the government, god bless them, delivered $13 billion, by way of aig ...

Exists is the one that came out of the banking committee by senator dodd and the plan from the agriculture committee by senator lincoln. they've been merged. and in fact when the bill came out of the banking committee, the republicans did not offer any amendments at all. they just didn't participate. so you know, we need to get this bill on the floor. and then we need to improve it there's some things i'm going to offer to improve it naked credit default swaps. we'll try to ban them. and if you're too big to fail, you're too big and we need to peel it back through divestiture. >> one last ques...

On these risky derivatives. like this abacus deal. you paid for it. he warned about it 15 years ago. but first, the national and international implications of arizona's controversial immigration law. we'll mix it up, coming up. [ male announcer ] if you've had a heart attack caused by a completely blocked artery, another heart attack could be lurking, waiting to strike. a heart attack caused by a clot, one that could be fatal. but plavix helps save lives. plavix, taken with other heart medicines, goes beyond what other heart medicines do alone, to provide greater protection against heart att...