Big Banks Release Living-Will Plans

[Copper Catcher]

http://www.youtube.com/watch?v=PTNZ--QOYHc

[mongo]

Its going to get really really ugly isnt it.

Sort On

[John_doe]

Its going to get really really ugly isnt it.

Sort On

should go something like this.....


http://www.youtube.com/watch?v=ptQS2h5zwyM

[Copper Catcher]

You might be wonder why would the banks have a living will, other than the new regulations call for it....Well 95% of all U.S. derivatives are monopolized by just five megabanks and their holding companies.

Financial Derivatives Explained in Ten Minutes
http://www.youtube.com/watch?v=UtwHz7xQZNI

So how big is the total derivatives market? Well it is $700 trillion! That is more than 10 times the GDP of the entire world and equivalent to $100,000 for each of the 7 billion inhabitants of our planet.

The trading loss that wiped out $39 billion of JPMorgan Chase & Co. (JPM)’s market value is peanuts.

The fuse has been lit. Too bad this is true! http://www.youtube.com/watch?v=4TlPo0yCSa4