"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure
Submitted by Melinda L. Secor on Sun, 2011-09-25 01:00
in
"The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system."
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