Mr Cooper Group Inc (COOP)

[ron_66271]

Did "Too Big To Fail" Discuss The Derivative Market Meltdown?

Back in 2006-2008 I was reading and tracking the Derivatives.

Warren Buffet;
“Weapon of financial mass destruction“.

Numbers;
JPM wrote 57% of the derivative contracts in the $83 Trillion market place. Potential exposure of $43.31 Trillion.
According to the Treasury Department, the Residential Housing market was $13 Trillion.
Potential exposure at 10% losses insuring 50% of the RMBS of 57% of the market.
In Billions;
$13,000*.10*.50*.57= $307.5 Billion.
At 20% losses insuring the RMBS;
= $741 Billion.

That’s just the RMBS. Now what about the other ABS’s? … Credit Cards, Auto Loads. … Oil Wells?

Yes JPM was in big trouble along with the other To Big to Fail Banks that the tax payers baled out. TARP. Just throw a blue tarp over it and no one will know!!

TRILLIONS



Ron