It is a tangled web and as it unravels the deep cover stuff slowly gets uncovered and the perps will slowly be exposed. Some of the policies rammed through since 2007 in this country have changed the financial landscape forever putting the citizens at risk and the architects are the very people running this country and its central bank and the new border agreement is just another step in the creep towards serfdom.

http://www.zerohedge.com/news/why-uk-trail-mf-global-collapse-may-have-apocalyptic-consequences-eurozone-canadian-banks-jeffe

"And people were wondering why looking through the balance sheet of Canadian banks revealed no alert signals. It is because all the exposure was off the books! Hundreds of billions of dollars worth. As for JPM and MS amounting to nearly a trillion in rehypothecation... well, we are confident the market will be delighted to start pricing that particular fat-tail risk as soon as tomorrow.

Yetit is Reuters' conclusion that strikes home, and is identical to what we said last night about the liquidity lock up in Europe and what it means for the shadow banking system."