Guess Who Else is Betting that the Crisis ISN'T Over?

By Graham Summers
17 November 2009 @ 08:53 am EDT

Earlier this month, I detailed 25 US commercial banks that had trillions (with a "T") of dollars' worth of exposure to derivatives on their balance sheets. At the time, I stated that even if 4% of the notional value of these derivatives was "at risk" and only 10% of that 4% went bad, that you would wipe out the total equity at the five large US banks. 

International Business Times

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