{"id":7301,"date":"2015-04-14T07:25:43","date_gmt":"2015-04-14T12:25:43","guid":{"rendered":"http:\/\/olduvai.ca\/?p=7301"},"modified":"2015-04-14T07:25:43","modified_gmt":"2015-04-14T12:25:43","slug":"the-six-too-big-to-fail-banks-in-the-u-s-have-278-trillion-dollars-of-exposure-to-derivatives","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=7301","title":{"rendered":"The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/the-six-too-big-to-fail-banks-in-the-u-s-have-278-trillion-dollars-of-exposure-to-derivatives\" target=\"_blank\">The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives<\/a><\/h3>\n<p>The very same people that caused the last economic crisis have created a 278\u00a0<strong>TRILLION<\/strong>\u00a0dollar derivatives time bomb that could go off at any moment.\u00a0 When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States.\u00a0 During the last financial crisis, our politicians promised us that they would make sure that \u201ctoo big to fail\u201d would never be a problem again.\u00a0 Instead, as you will see below, those banks have actually gotten far larger since then.\u00a0 So now we\u00a0<strong>really<\/strong>\u00a0can\u2019t afford for them to fail.\u00a0 The six banks that I am talking about are JPMorgan Chase, Citibank, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo.\u00a0 When you add up all of their exposure to derivatives, it comes to a grand total of more than 278 trillion dollars.\u00a0 But when you add up all of the assets of all six banks combined, it only comes to a grand total of about 9.8 trillion dollars.\u00a0 In other words, these \u201ctoo big to fail\u201d banks have exposure to derivatives that is\u00a0<strong>more than 28 times greater than their total assets<\/strong>.\u00a0 This is complete and utter insanity, and yet nobody seems too alarmed about it.\u00a0 For the moment, those banks are still making lots of money and funding the campaigns of our most prominent politicians.\u00a0 Right now there is no incentive for them to stop their incredibly reckless gambling so they are just going to keep on doing it.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Six Too Big To Fail Banks In The U.S. Have 278 TRILLION Dollars Of Exposure To Derivatives The very same people that caused the last economic crisis have created a 278\u00a0TRILLION\u00a0dollar derivatives time bomb that could go off at any moment.\u00a0 When this absolutely colossal bubble does implode, we are going to be faced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[39,63,1806,150,1668,500],"class_list":["post-7301","post","type-post","status-publish","format-standard","hentry","category-economics","tag-assets","tag-banks","tag-bubble","tag-collapse","tag-derivatives","tag-market-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7301"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7301\/revisions"}],"predecessor-version":[{"id":7302,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/7301\/revisions\/7302"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}