Hi All4One, It seems they learned nothing from GFC1.........
The derivatives dont appear on a bank's balance sheet, so no one, including the Govt, can see what is happening there to control or tax them...
So where can one put their money to keep it safe? I suppose one can leave it in shares? Would the Govt be game to take them? At present, I think the Govt guarantees up to $250,000 of deposits in each bank....so where would those with more put theirs to keep it safe? Sadly,(or luckilly ) I dont have that problem.....
