cheeple
Member
The 7th Court of Appeals has ruled Banking institutions can take any funds entrusted to them by clients in allocated accounts on deposit may be used as collateral for loans with other financial institutions to fund their proprietary trading (ala Jon Corzine).
You can read the technicals here : http://www.knowledgemosaic.com/gateway/courtcase/Sentinel.080912.pdf
here you can get a feel for the impact of a decision here:
[video]http://www.silverdoctors.com/ann-barnhardt-if-youre-still-in-these-markets-youre-either-stupid-or-on-drugs/[/video]
You can read the technicals here : http://www.knowledgemosaic.com/gateway/courtcase/Sentinel.080912.pdf
here you can get a feel for the impact of a decision here:
[video]http://www.silverdoctors.com/ann-barnhardt-if-youre-still-in-these-markets-youre-either-stupid-or-on-drugs/[/video]