Bank of America Moves $50 Billion of Derivatives to UK

Duck_Dodgers | Jan 28, 2013 02:38 AM ET Um, didn`t one of the major banks recently lose huge sums of money investing in derivatives in the UK??

ckoffend | Jan 28, 2013 07:13 AM ET Duck_Dogers, yeah, but since that already happened once, there is no way the regulators would allow it to happen again! Ha ha. But seriously, these are customer owned derivatives, not bank invested derivatives. If you recall the story of the whale, those were bets with bank funds. Hence the need to get their customers to sign off on changes in the contracts.

MiamiMick | Jan 28, 2013 07:24 AM ET When you move into an unsuspecting town and start passing off counterfeit money it works for a while until all of the shop keepers start testing every bill. The only way to keep your shell game going is to move on to the next town...........

handballforlife | Jan 28, 2013 07:35 AM ET That`s petty cash as far as derivatives goes.....they have trillions on the books they need to move to the junk pile and as soon as the rest of the crooks start to admit it`s that huge the better off the world will be...they`ll be printing monopoly money for a long long time

duck33 | Jan 28, 2013 09:40 AM ET Derivatives are a tool a banker uses to rob the bank. Team up with a friend in a hedge fund to take the other side of the trade and funnel profits to them and call it a loss on a hedge. Meat the new bank robber the banker. The SEC is clueless

duckswin | Jan 28, 2013 10:33 AM ET agree w duckk33 and handballforlife until this shitpile moves to the front and center of the business news and is declared counterfeit the rest of the world suffers--unsuspectingly






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Bank of America Moves $50 Billion of Derivatives to UK

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