TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, - Freedoms Phoenix 
$70 off SunOven with FREEDOMSPHOENIX coupon code entered at checkout
Article Image
News Link • Economy - Economics USA

TBTF Get TBTFer: Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives

• http://www.zerohedge.com, by Tyler Durden
 Every quarter the Office of the Currency Comptroller releases its report on Bank Derivative Activities, and every quarter we find that the Too Big To Fail get Too Bigger To Fail. To wit: in Q4 2011, of the total $230.8 trillion in US outstanding derivatives, the Top 5 banks (JPM, BofA, Morgan Stanley, Goldman and HSBC) accounted for 95.7% of all Derivatives. In some respects this is good news: in Q2, the Top 5 banks held 95.9% of the $250 trillion in derivatives. Unfortunately it is also bad news, because $220 trillion is more than enough for the world to collapse in a daisy chained failure of bilateral netting (which not even all the central banks in the world can offset). What is the worst news, is that the just released report indicates that in addition to everything else, we have now hit peak delusion, as banks now report to the OCC that a record high 92.2% of gross credit exposure is "bilaterally netted."

Join us on our
Social Networks

Share this page with your friends
on your favorite social network:

   

Free Talk Live