If I bet $10 on a baseball game between two teams worth a combined $2 billion, is my leverage 200 million:1?
Here, get an education - and a clue ...
I Am Putting Everything In Goldman Sachs Because These Guys Can Do Whatever The Hell They Want - by Tyler Durden on 09/28/2014
Leverage: How Cheap Money Will Destroy the World - by Karl Denninger, Charles Hugh S
http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118122844,descCd-buy.html
The top 25 banks in the U.S. now hold $304 TRILLION in notional derivatives value. The top 5 banks are as follows:
JP Morgan: $70.4 TRILLION
Citigroup: $63.5 TRILLION
Bank of America: $55.7 TRILLION
Goldman Sachs: $53.5 TRILLION
Morgan Stanley: $46.7 TRILLION
TOTAL Derivatives Exposure for Top 5 Banks in the U.S.: $290 TRILLION
OCC’s Quarterly Report on Bank Trading and Derivatives Activities Fourth Quarter 2013:
http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq413.pdf