(NATIONAL) -- Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks, using a form of derivative called "interest-rate swaps"; and the Federal Deposit Insurance Corporation has now joined a chorus of litigants suing over it. According to an SEIU report:
"Derivatives . . . have turned into a windfall for banks and a nightmare for taxpayers. . . . While banks are still collecting fixed rates of 3 to 6 percent, they are now regularly paying public entities as little as a tenth of one percent on the outstanding bonds..."
(Pleasant Grove, Utah) -- In a development that has stunned and shocked the Utah community police in Pleasant Grove made a grim discovery Saturday in the home of a 39-year old mother; the bodies of seven infants, six of them in cardboard boxes.
The woman who lived at the home until 2011, Megan Huntsman was arrested early Sunday morning on suspicion of six counts of murder.
(REGIONAL) -- Promises promises. The irony of the situation is not lost on everyone.
Barely had the dust settled from Washington Governor Jay Inslee along with state legislators falling all over themselves to rush through a $8.7 Billion tax break deal for Boeing - in order to keep Boeing jobs in the region - than Boeing announces yet another job exodus out of state of 1,000 good paying white collar engineer jobs.