Looks more like $200,000,000,000,000 (two hundred trillion) to me - just quickly adding their numbers.That's roughly one tenth of $2 quadrillion. Does their $2 quadrillion number include potential losses from short covering?
Still plenty to cause a substantial collapse of financial markets if derivatives go belly up, which looks likely.
If we are going by the numbers on this list, even if there were more banks, you'd need a minimum of 36,000 more banks with 50 billion each in derivatives in order to remotely approach 2 quadrillion if my math is correct. Since the list is in descending order, the number of banks would likely need to be even more than 40,000.
Looks more like $200,000,000,000,000 (two hundred trillion) to me - just quickly adding their numbers.That's roughly one tenth of $2 quadrillion. Does their $2 quadrillion number include potential losses from short covering?
Still plenty to cause a substantial collapse of financial markets if derivatives go belly up, which looks likely.
I think there was a lot of banks not shown in the picture.
If we are going by the numbers on this list, even if there were more banks, you'd need a minimum of 36,000 more banks with 50 billion each in derivatives in order to remotely approach 2 quadrillion if my math is correct. Since the list is in descending order, the number of banks would likely need to be even more than 40,000.