SEC greenlights wall street to loot all your pensions to the tune of $35 trillion.
via trustnodes: The Securities and Exchanges Commission (SEC) has removed a $1 billion cap on the amount of pension funds that can be tapped by the Options Clearing Corporation (OCC) in case one of its members defaults. “With respect to OCC’s overall liquidity plan, the Non-Bank Liquidity Facility program reduces the concentration of OCC’s counterparty exposure … Read more