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(Zoom in on photo) the Big banks that can’t fail have now purchased $1.8 TRILLION in Credit Default Swaps (CDS) yes the same CDS that helped caused the Financial Crisis of 2008. @jpmorgan has increased there Swaps by $100 billion since last report I’m sure it’s fine!
@jpmorgan has $2.6 trillion in assets with $59 trillion in Derivatives I’m sure this ratio is perfectly fine.
@GeorgeGammon let me know if you want to collaborate on your next white board video! Credit default swaps on corporate bond market and the fed trying to paper over it with their Primary Market Corporate Credit Facility (PMCCF) the Fed purchase up to $500 B worth corporate debt.
@zerohedge spread the word on credit default swaps!
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