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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (101553)	2/22/2009 11:29:25 AM
From: Skeeter Bug	Respond to of 110194

Patron, here is the current CDS and total derivative exposure of three major banks... ------------ BAC has as much as $38.2 trillion in derivatives exposure and $3.4 trillion in CDS C has as much as $40.0 trillion on derivatives exposure and $2.5 trillion in CDS JPM has as much as $92.0 trillion in derivatives exposure and $9.5 trillion in CDS ------------ i pulled that from an articel that appeared in google finance news. i've heard total derivative exposure is over $500 trillion. you may well be right that total CDS exposure is in the $30 trillion range as the early estimates were based on limited information and the bigger the number, the more scared people would get and the bigger the crisis appeared so government could take advantage of it.

To: patron_anejo_por_favor who wrote (101553)	2/22/2009 12:04:20 PM
From: stomper	Read Replies (1) \| Respond to of 110194

FWIW, OCC has it at $178 trillion for US Banks alone: occ.gov This is for third quarter '08.