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Richard Stallman's Political Notes

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Urgent: Derivatives and Taxpayer Protection Act

jeudi 28 juillet 2016 à 02:00

US citizens: Support the Derivatives Oversight and Taxpayer Protection Act, which would increase oversight of financial derivatives.

Financial derivatives can be designed to swindle their purchasers in a way that is hard to spot if you aren't the bankster that designed them. Among the victims are cities in the US as well as countries such as Greece.

I think that each type of derivative should require advance approval before it is offered for sale.