Financial Acronyms, with Diagrams

From comments at DailyKos:

subprimevsswaps
Teeny-tiny blue bar = subprime loans
Red bar = derivatives
Green bar = ECONOMY OF THE ENTIRE FRIKKIN’ WORLD
The banks have failed, and cannot possibly turn themselves around with any amount of capital injection..

CDO : collateralized debt obligation
SEC: Securities Exchange Commission
FDIC: Federal Deposit Insurance Corporation
FUBAR: the global financial outlook

Also:

This graph shows the actual economic goal of the US government-supported oligopolies has been to enrich a small group (that wouldn’t overfill a single urban yacht club) into the stratosphere.

networth3wz

And one more…

105404736_fe468cd9bf

It’s not a good sign when societies routinely lie to themselves about such big, fundamental truths ..

(With a hat-tip to the Dim-Post.)

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