Financial Derivativ...
 

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[Closed] Financial Derivatives

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Wow, just wow.

The top four banks in the US have a derivatives exposure of 3 times global GDP:

[img] [/img]

Goldman Sachs:
[img] [/img]

Bank of America:
[img] [/img]

Citi:
[img] [/img]

JP Morgan Chase:
[img] [/img]

Full inforgraphic [url= http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html ]here[/url].


 
Posted : 19/04/2012 9:58 pm
Posts: 36
Free Member
 

pfft thats nothing.

If it makes you feel any better, there is NO definitive record of derivative mark to market exposure.

great. huh?! 😉

(for fun, read "The Big Short" for an interesting story behind a certain class of derivatives and how unintended consequences of their creation affected us all, also "The Money Machine" if you want to get a primer in how they work)


 
Posted : 19/04/2012 10:02 pm

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