Category: Derivatives, Think Tank

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2 Responses to “OCC’s Quarterly Report on Bank Trading and Derivatives ActivitiesFirst Quarter 2012”

  1. [...] « OCC’s Quarterly Report on Bank Trading and Derivatives ActivitiesFirst Quarter 2012 [...]

  2. justaluckyfool says:

    “For the third consecutive quarter, the notional amount of derivatives held by insured U.S. commercialbanks and savings associations fell. Notional derivatives fell $3 trillion, or 1.2%, from the fourth quarterof 2011, to $228 trillion. ”
    America can print that on its tombstone. Add “held by insured, does not include $400 – $500 TRILLION
    held by not insured.” But the financial institutions and Fed will tell you that is “not money in circulation,
    and only that portion loss or gained would count. Example: Bank of America had $88 trillion outstanding in derivatives (bets) of that incomprehensible amount only maybe 2% may possible be the loss to cover. OK, so where would FDIC get the $1.7 trillion to cover the “insured” loss ?
    What if 20% ?
    This is also the reason Jamie is an idiot and should be fired. He paid JPM Chase losses of $5-8 billion.
    Dumb,?, corporate move- he should have doubled his bet until he became a winner.
    Why pay a loss when the government is willing to allow you to keep your winnings while at the same time
    pay for your losses if you don’t have the money.