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To: WTFOVR
THE most corrupt, most leveraged financial institution in the world (549:1 as of 12-31-2013) via derivatives exposure and credit default swaps.

If I bet $10 on a baseball game between two teams worth a combined $2 billion, is my leverage 200 million:1?

59 posted on 02/10/2016 9:24:31 PM PST by Toddsterpatriot ("Telling the government to lower trade barriers to zero...is government interference" central_va)
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To: Toddsterpatriot

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

http://www.zerohedge.com/news/2014-09-28/i-am-putting-everything-goldman-sachs-because-these-guys-can-do-whatever-hell-they-w

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


62 posted on 02/10/2016 9:38:05 PM PST by WTFOVR (I find myself exclaiming that expression quite often these days!)
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