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Bank of America puts US Taxpayers on the hook to insure its $75 Trillion derivatives:
If Europe implodes - and there's little chance it will not - then Bank of America's derivative position will go to sub-zero and if the FDIC is insuring their losses, that will be the end of the FDIC which means every bank deposit in the US will be uninsured overnight after 70 plus years or so of "nothing can ever go wrong" protection.
Watch the short 3-1/2 minute video.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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