Tag Archives: Taxpayers

The Global Banking Game Is Rigged and the FDIC Is Suing

The Global Banking Game Is Rigged and the FDIC Is Suing
Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called interest-rate swaps; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. It is not just that local governments, ... Read more