Economic Time Bomb
As you may know, the Federal Reserve has made more than $11 trillion in repo loans for the bigger banks to gamble in the stock market and bundle and trade derivatives. With the repeal of Glass-Steagall, the banks are allowed to use customer deposits to fund their market trading if in reading this you think you’re smelling smoke, its probably the fuse of the largest economic time bomb in history. If you’re in significant debt now is a good time to make your preparations for bankruptcy and if you’re a creditor with significant loans outstanding you may want to review your loan security requirements and your insurance coverage. If you need help with a claim in bankruptcy, the Heuser Law Office recommends that you reach out as soon as you get notice that a bankruptcy was filed. You can contact them here:
Leave a Reply
You must be logged in to post a comment.