Here is what I read:
Nov. 25 (Bloomberg) — Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co., which helped turn bets on company defaults into a $47 trillion market, are among banks offering wagers on the amount investors may recover from bonds after borrowers go bankrupt.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_L5pzskD4rU&refer=home (I have a feeling this link will be removed).
AND HERE IS THE COMMON SENSE TRANSLATION:
Nov. 25 (Bloomberg) — Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co., which helped turn bets on company defaults into a $47 trillion PONZI SCHEME THAT GOVERNMENTS ARE FORCING TAXPAYERS TO BAIL-OUT, AGAINST THEIR WILL, are NOW among THE VERY SAME banks offering wagers on the amount investors may recover from bonds after borrowers go bankrupt.
And thus … I cannot believe what I read, other than what is predicted by Celente.
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My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.