5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives
By GCRU Gold News on Friday, September 26 2014, 03:00 - Permalink
When is the U.S. banking system going to crash? I can sum it up in three words. Watch the derivatives. It used to be only four, but now there are five "too big to fail" banks in the United States that each have more than 40 trillion dollars in exposure to derivatives.
--- Note that the sum mentioned is the gross notional derivatives. In the Lehman's crash their derivatives netted out to approx 10%-15% of their gross notional derivatives.
5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives