Real Reason Bernanke funnels trillions into Wall Street (dollars, economy, financial)

[SilverOne]

Derivatives: The Real Reason Bernanke Funnels Trillions Into Wall Street Banks - Seeking Alpha

According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION.

[HappyTexan]

Between that and the phony accounting for not-yet-foreclosed homes the banks are bleeding $$$$$.
Mark to magic on home values and Ben's printing press are keeping banks rolling in the dough.

[HighPlainsDrifter73]

Originally Posted by SilverOne

Derivatives: The Real Reason Bernanke Funnels Trillions Into Wall Street Banks - Seeking Alpha

According to the Office of the Comptroller of the Currency’s Quarterly Report on Bank Trading and Derivatives Activities for the Second Quarter 2010 (most recent), the notional value of derivatives held by U.S. commercial banks is around $223.4 TRILLION.

$223 trillion dollars!!! All it takes is the wrong event to occur and the house of cards comes tumbling down. That amount is so staggering as to be unbelievable - but it is correct or at least close to it. Financial instruments like this should never have been allowed to exist considering the potential consequences to destroy our economy and the country.