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Author: abitarePERFECT Add to my Favorite Fools Ignore this person (you won't see their posts anymore)
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Subject: Re: DEBT NATION: Americas $53 Trillion Love Affa
Date: 3/18/2008 7:10 PM
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FYI - 

If you own an Investment Bank or Bank, I would avoid these

Warren Buffett predicted of financial derivatives: they are proving to be “weapons of mass financial destruction".

Taken from Mike "Mish" Shedlock at: http://globaleconomicanalysis.blogspot.com

Look at the level of derevatives in these banks.

JPM $91 TRILLION in derevatives

C $34 TRILLION in  in derevatives

BAC $31 TRILLION in derevatives 

W $5 TRILLION in derevatives 

To big to fail? We will see... to big to rescue makes more sense to me.
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