Sue all USA Banks over derivative clause
Bill please press charges against USA banks. The situations that really matters and Fed and other officials don’t want to see discussed is far more devastating: *essentially all derivatives contracts have a clause that says that when the underlying securities are based on fraud, the originator of the derivatives has to buy them back at their face value*. Therefore all USA banks would go bankrupt, because the core USA banks originated trillions of derivatives based on fraudulent securities. Since nobody in the circles of power wants that, then no securities, in particular no mortgage securities, must be legally recognized as fraudulent. That’s one reason why USA bank CEOs (and not just USA ones) have had complete legal immunity from prosecution: if they are convicted of fraud, then the buyers of derivatives based on that fraud can bankrupt the whole USA bank system by demanding to be reimbursed at par. That is also another reason why the Fed has been buying enormous amounts of mortgage ...