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  1. 10-30-2009, 06:28 PM #1
    AirborneSapper7
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    Trillion Dollar Derivatives Bomb to Explode Bankrupt Banks

    Trillion Dollar Ticking Derivatives Time Bomb to Explode Under Bankrupt Banks

    Companies / Credit Crisis 2009
    Oct 29, 2009 - 08:44 AM

    By: Graham_Summers

    At Gains, Pains, & Capital I’ve been warning about the Trillion Dollar Ticking Time Bomb of derivatives for months now. As a brief recap, let’s consider the following:

    The current notional value of derivatives on US commercial banks’ balance sheets is $203 trillion.

    97% of these ($196 trillion) sit on FIVE banks’ balance sheets (more on this shortly)

    If even 1% of this $203 trillion is “at riskâ€
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  2. 10-30-2009, 06:44 PM #2
    Arizonablues
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    What is this guys past record? Peter Schiff seems to have more credibility.
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