- Derivative holdings by U.S. banks increased nearly $4
TRILLION in just 3 months to now total over $71.1 TRILLION. JPMORGAN CHASE
accounts for $3.1 TRILLION of this increase.
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- That's $ 71,100,000,000,000.
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- The first 7 banks listed below account for 96% of all
commercial bank derivative holdings, with 90% of these derivatives in extremely
risky OTC (Over the Counter) contracts.
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- As I said in Cooking the Books Part I, U.S. banks are
giant gambling casinos, and now they have become even larger gambling addicts
at the expense of all Americans.
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- DERIVATIVES CONTRACTS AS OF DECEMBER 31, 2003 (based
on just released 03Q4 OCC Bank Derivatives report)
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- 1. JPMORGAN CHASE BANK - $36,805,757,000,000 (Assets
$628,662,000,000) Risk Ratio 58.5:1 ($58.54 of derivatives per $1 of assets).
Credit exposure to Risk-Based Capital Ratio 844.6% OTC Derivatives 92.6%
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- 2. BANK OF AMERICA - $14,869,220,000,000 (Assets $617,962,000,000)
Risk Ratio 24:1 ($24.06 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 221.7% OTC Derivatives 83.4%
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- 3. CITIBANK - $11,167,882,000,000 (Assets $582,123,000,000)
Risk Ratio 19:1 ($19.18 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 267.1% OTC Derivatives 96.4%
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- 4. WACHOVIA BANK - $2,326,465,000,000 (Assets $353,541,000,000)
Risk Ratio 6.6:1 ($6.58 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 80.6% OTC Derivatives 70.2%
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- 5. HSBC BANK USA - $1,353,741,000,000 (Assets $92,958,000,000)
Risk Ratio 14.5:1 ($14.45 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 288.5% OTC Derivatives 88.7%
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- 6. BANK ONE - $1,232,095,000,000 (Assets $256,787,000,000)
Risk Ratio 4.8:1 ($4.79 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 58.7% OTC Derivatives 96.1%
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- 7. BANK OF NEW YORK - $561,694,000,000 (Assets $89,258,000,000)
Risk Ratio 6.3:1 ($6.29 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 77.7% OTC Derivatives 78.1%
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- 8. WELLS FARGO BANK - $557,161,000,000 (Assets $250,474,000,000)
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- Risk Ratio 2.2:1 ($2.22 of derivatives per $1 of assets).
Credit exposure to Risk-Based Capital Ratio 26.7% OTC Derivatives 66.3%
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- 9. FLEET NATIONAL BANK - $443,708,000,000 (Assets $192,265,000,000)
Risk Ratio 2.3:1 ($2.30 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 20.2% OTC Derivatives 64.1%
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- 10. STATE STREET BANK - $369,843,000,000 (Assets $80,435,000,000)
Risk Ratio 4.6:1 ($4.59 of derivatives per $1 of assets). Credit exposure
to Risk-Based Capital Ratio 161.0% OTC Derivatives 89.2%
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- JPMORGAN CHASE is far past the point of no return. To
put it in simple terms, JPMORGAN CHASE, BANK OF AMERICA, CITIBANK, and
HSBC are already insolvent many times over. They have no liquidity, yet
they are still operating as if they do.
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- This has now gone way beyond the imminent bursting of
the US financial debt bubble... it has become an explosive financial weapon
of mass destruction.
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- To understand the gambling risk U.S. banks have created,
please read the following articles:
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- THE 3-D BOMB: DERIVATIVE DOMINO DESTRUCTION http://worldvisionportal.org/WVPforum/viewtopic.php?t=177
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- U.S. BANKS HAVE BECOME A PONZI SCHEME Most Bank Derivatives
Have UNLIMITED Risk DERIVATIVES ARE THE KISS OF DEATH (scroll down to view
these articles) http://worldvisionportal.org/WVPforum/viewtopic.php?t=160
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- U.S. Bank Fraud Created Europe's Largest Bankruptcy http://worldvisionportal.org/WVPforum/viewtopic.php?t=176
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- $25 BILLION of Fannie Mae Derivative Losses http://worldvisionportal.org/WVPforum/viewtopic.php?t=192
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- Non-commercial reproduction allowed, otherwise copyright
2004 by WorldVisionPortal.Org
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- http://worldvisionportal.org/WVPforum/viewtopic.php?t=198
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