Wall Street's Derivatives Scam

[GoLeft TV]

Run time: 08:48 https://www.youtube.com/watch?v=Tw57BS3uBcA   Posted on YouTube: January 20, 2011 By YouTube Member: golefttv Views on YouTube: 0   Posted on DU: January 21, 2011 By DU Member: GoLeft TV Views on DU: 476

 
Most people have no idea what a derivative is, but if you have a pension run by a private company, you probably own a few. The problem is that the entire derivatives market is being run by a tiny group of banking CEOs who keep their activities a secret, even to their CEO buddies. Together this secret cabal has managed to sell their toxic derivative garbage, which is nothing more than a scam for investors. Mike Papantonio discusses this secret group of Wall Street insiders who control the derivative market with attorney Peter Mougey.