Wednesday, May 04, 2016
Derivatives Rising?
Derivatives were a major factor in the Great Recession. Are they coming back to hurt us once more? Freddie Mac has lost $15.54 billion in its derivative portfolio for the period 2014 to Q1 of 2016. In Q1 of 2016 it recorded a loss of $354 million. The report also noted that its derivatives portfolio lost $4.56 billion in the quarter.
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It would seem the American tax payer (of which, I am still one!) is continuously being used to prop up the Wall Street bankers. I doubt it'll change if either Trump or Clinton take up the flag.
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