It is clear that all the "derivative products" have not yet been written off ...
Hence the potential danger:
U.S.
- JP Morgan Chase Bank: 86 billion dollars (66 billion €) on derivatives
- Bank of America: 38 billion in derivatives
- Citibank: 30 billion in derivatives
- Wells Fargo: 5 billion in derivatives
UK
- HSBC: 3.7 billion in derivatives
Reminder! one billion is: 1,000,000,000,000
- The one responsible for the financial abuse, who has allowed Wall Street to go berserk: Larry Summers
- His assistant: Tim Geithner
The reality is full of humor .... Tim Geithner is now US Treasury Secretary, hence OBAMA’s first economic advisor...
Have a great summer, these people think for you ...
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