An overwhelming majority of risk exposure to derivatives is concentrated on Wall Street, in just...

An overwhelming majority of risk exposure to derivatives is concentrated on Wall Street, in just five firms: JP Morgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Citigroup (NYSE:C) and Morgan Stanley (NYSE:MS), according to Fitch. The first quarter was the first time comprehensive derivatives disclosure was mandated for all companies.

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[User 344830]

More than a quarter quadrillion dollars in derivatives? that's some fine manufacturing of money out of nothing there.

there should be a whole lot of accountants and execs sitting next to bernie madoff for this shit.