Once again banks shift bad investments to the American Taxpayer

Link to article-->: http://problembanklist.com/fdic-to-cover-losses-on-trillion-bank-of-america-derivative-bets-0419/
    Once again banks are attempting to shift the potential losses of bad investments over to taxpayers.  After receiving a downgrade to it's credit rating by Moody's (ratings agency), Bank of America Corp. is trying to shift the majority of it's derivative holdings to it's child companies that operate under the FDIC.

   What this means is that those potentially high-risk investments will leave taxpayers on the hook again for the poor decisions of another "Too Big to Fail" bank.  Once BoA's credit rating was downgraded, the counter parties to those derivatives requested an increase in collateral for the bet.  Which is understandable, since it works much in the same way that if your credit was bad your bank would require a larger downpayment and higher interest rate on the loan you applied for.

   As we saw in the economic meltdown of 2008, the derivative market is an incredibly volatile one that over-inflates the value of the "good" and can lead to excesses in bad investments and poorly managed risk. One of the reasons why AIG went downhill is because of it's derivative holdings exploding in their faces, thus creating the reason for their bailout, and one of the many reasons for the enormous debt of the United States.

   PLEASE PLEASE PLEASE READ THE ARTICLE THAT I HAVE LINKED HERE!!!!  If you aren't sure about the information presented in the article because it looks and sounds so outrageous, please continue on to the links provided in the article.  It's all there, from an explanation to why the derivative holdings is greater then the total amount of GDP produced by the country, to why taxpayers would be once again put on the hook to take the hit for these risky investment deals.

   The reason it looks and sounds so outrageous is because it is.  All the information is accurate (if you don't believe me please do the research before you decide that it's false),  which is why it feels so ridiculous.
Here is the link again---->: http://problembanklist.com/fdic-to-cover-losses-on-trillion-bank-of-america-derivative-bets-0419/