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Congress Gives Banks Power to Gamble with Your Life Savings




Everyone knows that the 2008 Global Economic Collapse was caused primarily by banks' unregulated casino-style gambling. Instead of blackjack and slots, the banks bet massively on financial derivatives known as a "credit default swaps," which Warren Buffett famously called "weapons of financial mass destruction." Now, Congress has just passed a new spending bill that allows banks to once again use your deposited money to bet on these highly-risky derivatives.

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