There was once a time when commercial banks only dealt with deposits and local loans. But thanks to Bill Clinton, the line between banks for commerce and banks for speculation was rubbed out. This exposes depositors to the storms and stresses of finance capitalism.
The amount of derivatives in the world ranges from $610 trillion on the low end to quadrillions of dollars on the high end. Because banks are now so interconnected a failure in any one place can have a domino effect. Right now 4 banks own 87% of the derivatives market, making insider trading a guarantee with middle class depositors set up to pay the cost of any market failures.
Read in Global Research
