Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

NY Times: A Secretive Banking Elite Rules Trading in Derivatives

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

LOUISE STORY
NY Times
Dec 12, 2010

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

Drawn from giants like JPMorgan Chase, Goldman Sachs and Morgan Stanley, the bankers form a powerful committee that helps oversee trading in derivatives, instruments which, like insurance, are used to hedge risk.

In theory, this group exists to safeguard the integrity of the multitrillion-dollar market. In practice, it also defends the dominance of the big banks.

Full article here

Stock up for the Holidays with eFoods Direct and get FREE Shipping!

NY Times: A Secretive Banking Elite Rules Trading in Derivatives 011210banner3

This article was posted: Sunday, December 12, 2010 at 9:09 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Kiev Censors MH17 Air Traffic Control Recordings See the rest on the Alex Jones YouTube channel.

U.S. Govt: MH17 Stance Based On Obvious Social Media Hoaxes See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.