Sunday, December 11, 2011

Rehypothecation

I love this fancy financial talk! This is another new word in the shadow banking system lexicon which can basically be a synonym for 'stealing' - that is to say, borrowing money which isn't yours, in order to speculate, without telling the original owner that you've borrowed it. Here's an excellent explanation:

http://www.youtube.com/watch?v=VdSWqHZXrr8

And here's some more straight-talk (from the bears) about MF Global and the systemic collapse:

http://www.youtube.com/watch?v=jLt05sN7vK0&feature=related

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