Levitra Cheap Online
“Wall Street is suiting up for a battle to protect one of its richest fiefdoms, the $592 trillion over-the-counter derivatives market that is facing the biggest overhaul since its creation 30 years ago.
Five U.S; levitra cheap online.commercial banks, including JPMorgan Chase & Co., Goldman Sachs Group Inc; levitra cheap online.and Bank of America Corp., are on track to earn more than $35 billion this year trading unregulated derivatives contracts; levitra cheap online.At stake is how much of that business they and other dealers will be able to keep.
“Business models of the larger dealers have such a paucity of opportunities for profit that they have to defend the last great frontier for double-digit, even triple-digit returns,” said Christopher Whalen, managing director of Torrance, California-based Institutional Risk Analytics, which analyzes banks for investors.
The Washington fight, conducted mostly behind closed doors, has been overshadowed by the noisy debate over health care; levitra cheap online.That’s fine with investment bankers, who for years quietly wielded their financial and lobbying clout on Capitol Hill to kill efforts to regulate derivatives.”
Click for ARTICLE
- Wall Street Stealth Lobby Defends $35 Billion Derivatives Haul
- Christine Harper, Matthew Leising and Shannon Harrington
- Bloomberg
- August 31, 2009
Five Wall Street banks make $35 BILLION PER YEAR! And HALF of that is paid out in BONUSES. So over the course of 10 years those Wall Street banks might make $350 BILLION and pay out BONUSES of $175 BILLION to their traders and CEOs.
That is why it is NOTHING for Wall Street to spend $1 BILLION on LOBBYING. In fact from their perspective it is the smartest investment they could make.
Now you understand why Wall Street is pouring obscene amounts of money on politicians, lobbyists, academics, journalists and anyone else. They are making millions of dollars in campaign contributions to Senators and Congressmen through a web of Polticial Action Committees (PACs) and other avenues. They have hired ALL the top lobbying firms in DC. They are calling in all their markers with the academic community: endowing research chairs, hiring academics for “consulting” purposes and basically using all the ways they can to buy influence. Same thing with journalists that they’re waving book deals in their faces, asking them to speak at conferences (for a fee of course) and any other way of stuffing cash in their pockets.
All the methods they are utilizing are well known (see previous POST).
The American Government has been taken over in a QUIET COUP led by Wall Street banks (see all related POSTS).
Unless the commoners are gathered at the gates of the castle with lanterns and pitchforks, the elected officials in Washington will take the millions in campaign contributions and turn a deaf ear to their consituents every single time – levitra cheap online.