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Unregulated derivatives explained

By Ann Telnaes  |  April 16, 2010; 12:00 AM ET
Categories:  Economy and jobs  
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Somehow this is like an AA meeting. We in the same boat getting together for support. I bitterly regret to read that CITI is proud to have made the best profit in 3 years.When my Master Card (held by CITI)is raising minimum payments higher than any car payment I have ever had to pay. My heart aches for the homeowners in foreclosure but I think maybe we (credit card holders) need some TLC too.

Posted by: peep1935 | April 19, 2010 10:13 AM | Report abuse

Great Ann, "To Big Too Fail" has devastated Main Street America while the very financial corporations and the management that caused this crisis remain in place! Republican deregulation, as per Senator Phil Gramm which gave us ENRON and this worldwide financial nightmare, in combination with mindless Wall Street and K Street greed, has seriously endangered the economy.

Posted by: kemcb | April 19, 2010 9:54 AM | Report abuse

Does the government get a special add rate for slanted opinion cartoons?

Posted by: taxcutsin12 | April 17, 2010 9:50 PM | Report abuse

With reliable inside information concerning upswings and downturns of financial markets, that are obviously being manipulated, a wealthy individual can make a lot of money with stock and commodities trading. This became more evident during the Bush admimistration and is still currently taking place in the world of high finance today. A good example would be FedEx Corporation. Look and see for yourself how that stock rose during the Bush administration and took a nose dive right at the end of it. It is steadily climbing back to where it stood before. Could this be because of an agreement made with the current administration to be able to continually undermine their competition? UPS seems to think so!

Posted by: JONAHandtheFISH | April 17, 2010 9:11 AM | Report abuse

Neat! And, on target, as usual.

Posted by: lufrank1 | April 16, 2010 3:00 PM | Report abuse

Those that brought the near collapse of our economy were supported by politicians that took their money, regulators that looked the other way and the public that turned a blind eye to the growing financial imbalance. Now those same people are working hard to scuttle financial reforms. Greed created this and other pending disasters and hopefully it will not rule the day.

Posted by: MyVoice3 | April 15, 2010 9:31 PM | Report abuse

AT, you forgot the bailout part! (Too big to fail . . . )

Posted by: meldupree | April 15, 2010 8:29 PM | Report abuse

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