Update to Deception Tactics
A couple of days ago I posted about various odd occurences and encouraged you to go looking around and asking some questions about the world around you. Here is an interesting update. In the original article, Deception Tactics, I mentioned how Chase bank might have a derivative exposure of possible even double the 2.3 billion or so they were currently claiming as a loss. Little did I know how much higher their exposure might really be. Check out this interesting article over on Reuters exposing how JPM Chase might actually have over $100 BILLION dollars of exposure to the derivatives market. If Chase goes down, as a bank currently designated as “too big to fail”–who is going to pick up the pieces? Will the FED step in and fund them? Where will that money come from? Just asking.
Tags: bank, bank failure, too big to fail







