[SeekAndFind]

Five "too big to fail" banks that each have more than 40 trillion dollars in exposure to derivatives...

JPMorgan Chase

Total Assets: $2,476,986,000,000 (about 2.5 trillion dollars)

Total Exposure To Derivatives: $67,951,190,000,000 (more than 67 trillion dollars)

Citibank

Total Assets: $1,894,736,000,000 (almost 1.9 trillion dollars)

Total Exposure To Derivatives: $59,944,502,000,000 (nearly 60 trillion dollars)

Goldman Sachs

Total Assets: $915,705,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $54,564,516,000,000 (more than 54 trillion dollars)

Bank Of America

Total Assets: $2,152,533,000,000 (a bit more than 2.1 trillion dollars)

Total Exposure To Derivatives: $54,457,605,000,000 (more than 54 trillion dollars)

Morgan Stanley

Total Assets: $831,381,000,000 (less than a trillion dollars)

Total Exposure To Derivatives: $44,946,153,000,000 (more than 44 trillion dollars)

[Jonty30]

Here is what I understand about derivatives. They are essentially bets on debt and only a fool would buy into them.

And the big five have made bets on the world’s debt in terms of multiples of what the world owes.

Good luck with that.

[Toddsterpatriot]

Baloney.

Here's some real info, not Snyder's idiocy.

http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq114.pdf