Quote:
Originally Posted by Jesus H Christ
It's BS, way too many sites out there who would of been all over it like Zerohedge. |
http://www.bloomberg.com/news/2011-1...bank-unit.html
so.. yea. confirmed jp morgan as well
Quote:
Originally Posted by Jesus H Christ
Besides, if you add up all the Euro zones GDP and ours it wouldn't even be 20% 154 trillion.
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haha i want to believe you. however i do not.
from my understanding the derivatives here would be loans over time, amounting to a dollar amount.
because the GDP doesn't match that dollar amount, doesn't mean the problem 'doesn't exist'
it just means banks loaned out more money than what could very well exist on the entire planet