9 Biggest Banks' Derivative Exposure - $228.72 Trillion

[robert l. bentham]

Bank of America​

Bank of America has a derivative exposure of $50.135 Trillion dollars.

BofA is sticking the tax-payers with a MASSIVE bill, by moving derivatives to
accounts insured by the federal government @ total of $53.7 trillion as of 06/2011.
During 2011-12 BofA has been in need of cash, so Warren Buffett gave BofA $5 billion.
Same year BofA sold its stake in China Construction Bank to raise $1.8 billion in cash.


Bank of America paid $22 million to settle charges of improperly foreclosing on active-duty troops
BofA recruited 3 cyber attack firms to attack WikiLeaks. but the Anonymous hacker group hacked the security firms first.
BofA was sued for $31 billion in home-loan losses in 2011, the bank is involved in many lawsuits, too many to document.
BofA also received a SECRET $1.344 trillion dollar bailout from the Federal Reserve.

http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

 

[Dammy]

Bank of America has a derivative exposure of $50.135 Trillion dollars.

BofA is sticking the tax-payers with a MASSIVE bill, by moving derivatives to
accounts insured by the federal government @ total of $53.7 trillion as of 06/2011.
During 2011-12 BofA has been in need of cash, so Warren Buffett gave BofA $5 billion.
Same year BofA sold its stake in China Construction Bank to raise $1.8 billion in cash.


Bank of America paid $22 million to settle charges of improperly foreclosing on active-duty troops
BofA recruited 3 cyber attack firms to attack WikiLeaks. but the Anonymous hacker group hacked the security firms first.
BofA was sued for $31 billion in home-loan losses in 2011, the bank is involved in many lawsuits, too many to document.
BofA also received a SECRET $1.344 trillion dollar bailout from the Federal Reserve.

http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

Total Global Derivatives Market is about $600T with a possible market cap of $1,600T. On a daily basis, $3T-$4T are traded each and every day around the world. When this starts to crack, you better have zero money in IRA/401K/TSPs, stocks, bonds, CDs, and any other paper investment because it's not going to be worth poop in a very short period of time. Tripwire is the Middle East. Once the Muslim Brotherhood goes after the House of Saudi or Iran-Israeli war goes hot, it will drive oil to $150-$200 or higher and that will begin the default from PIIGS which will call the Derivatives to cover losses which it can't. European banks collapse dragging down US banks which causes the all central banks to print money like mad to advert a depression which fires up inflation. Bond market is toast that means that $1T of Obama's debt has to be covered by more Fed money printing which causes interest rates to rise regardless what the Fed wants which increases the deficit by another $1T for a total of $2T in annual debt and the inflation will be roaring at 40% or higher.

Next five or so years are going to be damn ugly.