MyProps.org - E-mail Link

Home

Public Channels

Channel Contents

E-mail Link

Share this Link by emailing it to friends and family. Or return to link.

Link Information

Title:

Holy smokes, JP Morgan Chase holding $92,000,000,000,000 in derivatives

Description:

That's $92 trillion for those who aren't able to count that many zeros. Here's the complete chart if you want to see what other banks are holding. Do the math, $92 trillion is 74 times JP Morgan's assets, and 7 times the entire Gross Domestic Product of the United States. The value is a "notional value", meaning they didn't actually spend $92 trillion to acquire the contracts. Derivatives are highly leveraged (which can actually make them worse). But their "direct exposure" is a lot less than $92 trillion, as much of the derivatives are hedged. However, no one knows exactly what derivatives JPM, or any bank, are holding (the derivative system is entirely unregulated), and as Warren Buffet pointed out in 2002, bankers cannot be trusted to just "do the ...

E-mail Information

*To E-mails:
(seperate by commas)

Optional Message:

Verify Human Input

*Enter the code below:

Fields marked with an asterisk *are required.