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NKYKev · 01-28-2009, 06:09 AM

According to the latest report from the Office of the Comptroller of the Currency, 3 top banks - Chase, BOA, and Citi - have a little over 4 trillion in assets - the value of which keeps declining - while they face a potential credit exposure of over 160 trillion in derivatives. Chase is facing a credit exposure to capital ratio of 400.2 to 1, BOA is at 177.6 to 1, and Citi is at 259.5 to 1. And that is for just 3 banks. Here is a link to the report with the numbers for the top 25 banks and an article discussing the situation. Too bad no one listened to Warren Buffett about derivatives. Facing losses at this level, I don't see what another "bailout" is going to accomplish, as the evidence keeps mounting about how badly the first one was handled.

01-28-2009, 06:09 AM
NKYKev Confirmed User Join Date: Jul 2005 Posts: 283	OCC: top banks have 4 trillion in assets, 160 trillion in derivatives According to the latest report from the Office of the Comptroller of the Currency, 3 top banks - Chase, BOA, and Citi - have a little over 4 trillion in assets - the value of which keeps declining - while they face a potential credit exposure of over 160 trillion in derivatives. Chase is facing a credit exposure to capital ratio of 400.2 to 1, BOA is at 177.6 to 1, and Citi is at 259.5 to 1. And that is for just 3 banks. Here is a link to the report with the numbers for the top 25 banks and an article discussing the situation. Too bad no one listened to Warren Buffett about derivatives. Facing losses at this level, I don't see what another "bailout" is going to accomplish, as the evidence keeps mounting about how badly the first one was handled.