YIKES is right BW !!! 700 Trilion,..that is almost beyond comprehension.
but with the manner in which these banks and brokers hedged themselves who knows,..it could have been 1000/1 ratio,...especially if they knew the mindset was they were too big to fail and would be bailed out by the powers that be.
the sickness prevails,...
invest at your own risk, based on your own due diligence, at your own risk tolerance