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

Posted link due to the graphic, woth looking.

I need to get me some derivatives!

Way back during the Clinton administration Brooksley Born, head of the Commodity Futures Trading Commission (CFTC) in Washington, tried to introduce legislation to get some degree of oversight in the largely unregulated derivatives market. She was shut down by a Congress advised primarily by Alan Greenspan, Robert Rubin, Larry Summers, and Arthur Levitt.

Watch the presentation of Frontline: The Warning.

http://video.pbs.org/video/1302794657/ 

interesting stuff... 🤔

Turning a blind eye to the economics behind the curtain is what America is all about. Hell, most people think the Federal Reserve is part of the government.

You have to just give it a big hug when you hear people saying that regulating the banking industry will destroy the country. Because we are dumb all over. And we never want to pay attention to the man behind the curtain.

I'll type it again;
Give a man a gun and he can rob a bank.
Give a man a bank and he can rob the world . . .

One of my favorite shows to watch on YouTube. I've posted this before on this site.

She's a hero in my book for seeing the danger and making it known. The entire Clinton administration buried her. Imagine what we might've headed off taking her suggestions? Couple that with Ron Paul's "Audit The Federal Reserve" mantra...rinse, lather, repeat.

You guys just don't know what is really important in this country!! [sarcasm]

http://www.bbc.co.uk/news/world-us-canada-25954645 

All in favor of market regulation raise their hands!

and that is just the exposure they are admitting they have.

Other guesstimates indicate it could be multiples of those figures.

Of course, they say they are hedged and that it will all balance out in the end.

Long Term Capital Management said the same till they blew up.

It will balance out, it just won't balance out evenly. If you have direct exposure you are going to learn the meaning of "bail in"

BBC aired a three part series 'The Love of Money' awhile back. Episode 1 was 'The Bank that Bust the World', detailing the death spiral of Lehman Brothers and the efforts (and non-efforts) to save it. Episode 2 is 'The Age of Risk, and Episode 3 is 'Back From the Brink', which shows how close to financial Armageddon the world was (or, is).

Good stuff and highly recommended, my brothers.

http://www.tradeitdontdateit.com/bbc-the-love-of-money-episode-1-the-bank-that-bust-the-world/ 

http://www.tradeitdontdateit.com/bbc-the-love-of-money-episode-2-the-age-of-risk/ 

http://www.tradeitdontdateit.com/bbc-the-love-of-money-episode-3-back-from-the-brink/