Whether it is banking, Enron, or other large corporations, the scheme goes along the same lines: Through corrupt lobbying, some obscure provisions are placed in legistlation, which permit lawful looting of the American people and undermining the US economy. Here the issue is risky, explosive, mega-volume derivatives and "safe harbor" provisions on default. jz
Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act. The result is to create perverse incentives for the financial system to self-destruct.
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All comments are welcome... especially any tips regarding corruption of the courts in Los Angeles. Anonymous tips are fine. One simple way to do it is from internet cafes, etc.