Mr Cooper Group Inc (COOP)

[Duyrowndd]

So for those that think $300B is a large number,

A little view into too big to fail in actuality being too leveraged to fail.

I posted the information from The Office of Currency Controller (replaced OTS - office of thrift supervision), about the derivatives exposure - CURRENT EXPOSURE

Everyone can see just see what JPM is actually playing with in the market.

1.9B is pennies to them. 300B pennies is as well.

GLTA

Hoping for a HLCE!

Duy

Derivatives information

In Billions

RANK, BANK NAME, ASSETS, DERIVATIVES in Billions, Derivatives tradable

1 JPMORGAN CHASE BANK NA, $3,207,521, $52,671,225, $50,838,681
2 GOLDMAN SACHS BANK USA, 288,623, 50,541,949, 50,347,423
3 CITIBANK NATIONAL ASSN, 1,684,634, 46,478,190, 45,120,734
4 BANK OF AMERICA NA 2,316,773, 18,526,058, 16,802,096,

Total of TOP 4 COMMERCIAL BANKS
Total assets, Total derivatives, derivatives tradable,

$7,497,551, $168,217,422, $163,108,934

Total of all other OTHER COMMERCIAL BANKS, WITH DERIVATIVES
Total assets, Total derivatives, derivatives tradable,

12,775,988 20,770,973, 18,310,792

TOTAL AMOUNT FOR COMMERCIAL BANKS,
Total assets, Total derivatives, derivatives tradable,

20,273,539, 188,988,395, 181,419,726

For comparison

In 2020, global GDP amounted to about 84.54 trillion U.S. dollars, almost three trillion lower than in 2019.

The top 4 banks are leveraged to almost 2.22 times global Gross Development Product (GDP)

Now you see why they are too big to fail.

At one point during 2008 Jpmorgan was leveraged to over 125 Trillion in derivatives by themselves.

World GDP as calculated Dec 31, 2008 63.46 trillion USD



This is why JPM is too big to fail. This is why WAMU was seized - to save the world financial systems from collapse.

These derivatives will continue to be poison pill to force the government to bail them out on bad financial dealings.

It has not stopped - but is reduced.

Full report - interesting reading

https://www.occ.treas.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2021.pdf