There was no opt-out clause or even the rights to opt-out within the revised agreement.

http://www.globalresearch.ca/index.php?context=va&aid=11145

Do you think Chase has learned its lesson?

According to Jamie Dimon, in his testimony to the Financial Crisis Commission on January 13, 2010, a financial crisis occurs every five to ten years (he should know, Chase usually has something to do with it) and people really shouldn’t be surprised. If they are so easy to predict then why can’t they be prevented? Isn’t that why the Federal Reserve was created? Unbelievably, nobody mentioned the fact that Mr. Dimon was the head of the Fed during his testimony. What a farce!

http://www.huffingtonpost.com/2010/01/13/financial-crisis-commissi_n_421461.html#ask

http://www.youtube.com/watch?v=n0XIF84AtYg

America’s Best And Worst Banks

http://www.forbes.com/2009/12/30/bofa-hawaii-umb-business-wallstreet-best-worst-banks.html

Chase is listed at #82.

Barney Frank and Cris Dodd are working furiously to amend the legislation meant to restrict the practice with a concept called “swap execution facilities” which would allow exemptions to the proposed restrictions.

Why aren’t people mad about the masquerade?

Why does america elect such thieves?

if Banksters were only allowed to take a very small percentage from a derivative on a year by year basis, it would not make sense to come up with derivatives that may tank after a couple of years since they would be losing a potential thirty year source of residual income.

If Banksters are allowed to “skim” off the top when they create a derivative then they really won’t hold themselves accountable since they got most if not all of their money at the very beginning of the deal rather over the life of the deal.

In essence bankers skim money off the top and then resell the accounts they skimmed money as derivative investments. The problem is the derivatives take so long to pay off that there is no guarantee they will pay off yet the bankers took their profit at the beginning of the transaction.

The bankers, by getting their cut off the top at the front end, are free to do with what they want with their ill gotten money. As the derivatives fail, the banksters can then use the off the top profit to buy back these failed derivatives for pennies on the dollar.

It would be like the fireman on the train who puts coal into the trains furnace suddenly throwing paper into the furnace so the train slows down, is surrounded by bandits and robbed. That’s basically how derivatives work.

A derivatives product based on carbon credits – SCARY! Trust JP Morgan Chase to be in on this.

http://www.bloomberg.com/apps/news?pid=20601086&sid=aXRBOxU5KT5M

Thanks for the two excellent referral links above. I have taken the liberty of providing a “permalink” to the AnonymousBanker.com post you mentioned above in comment #2.

http://anonymousbanker.com/