J.P. Morgan...... $ 90 TRILLION ?

[James48843]

[h=1]Total net derivative exposure rated below BBB on JP Morgan’s $90,000,000,000,000 ($90 trillion) books currently stands at 35.4% –

MUCH WORSE than Bear Stearns and Lehman‘s derivative portfolio just prior to their CRASH.


J P Morgan’s IMPLOSION, when it goes, will be 1000 X’s bigger than Enron![/h]




There is so much leveraged high-risk debt by mega-banks alone that when it goes (and 25% of it is rated bbb or worse), then it will all be over. period.

read the story here:

http://boombustblog.com/BoomBustBlog/An-Independent-Look-into-JP-Morgan.html

here,
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1389103

and here:
http://www.bis.org/publ/otc_hy1105.pdf

 

[alevin]

Yes, all that's been done the past 3 years has been done to try to prevent the unpreventable. Denninger's been talking about this since 08, the reason we the taxpayers are all getting stuck with the bills through currency devaluation, sovereign debt to our eyeballs with China to keep us worker bees working and spending, etc, treasury default swaps backstopping european banks etc. Derivative risks including mortgages the banks were able to unload onto everyone else via derivatives-with no collateral behind them or anything else when the derivatives finally go boom.