Taxpayers On The Hook For Trillions In Oil Derivatives

Before going on his latest well-deserved Hawaiian vacation, Obama ad-Dajjal signed into law the so-called Cromnibus Bill. A portion of this new law may have a significant impact on US taxpayers:

Among the banks’ most important commodities bets are oil derivatives. An oil derivative typically involves an oil producer who wants to lock in the price at a future date, and a counterparty – typically a bank – willing to pay that price in exchange for the opportunity to earn additional profits if the price goes above the contract rate. The downside is that the bank has to make up the loss if the price drops.

As Snyder observes, the recent drop in the price of oil by over $50 a barrel – a drop of nearly 50% since June – was completely unanticipated and outside the predictions covered by the banks’ computer models. The drop could cost the big banks trillions of dollars in losses. And with the repeal of the Lincoln Amendment, taxpayers could be picking up the bill.

http://dissidentvoice.org/2014/12/russian-roulette-taxpayers-could-be-on-the-hook-for-trillions-in-oil-derivatives/

[I suggest you read Ms. Brown's report in its entirety.]

So ... "they" give your jobs to foreigners and immigrants and then put you on the hook for "their" casino-gambling-style investments. What's not to like?