Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives – http://huff.to/1xtVPA7

That could be the price of the banks staying out of the way of the drive to bankrupt Russia, gifting up to 13 figures to cover any losses.

The proximity of this provision in the bill and the price drop makes one wonder.

If that is what’s going on it’s reckless, it will harm a lot more than Russia with potentially unforseeable effects with the impact on energy sectors everywhere and potentially many financial institutions through mazes of derivatives.  As we saw in 2008, that can trigger a chain reaction that hits everything.

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