The big boys love derivatives

Derivatives were one of the major causes of the Great Depression. They still loom large. The Office of the Comptroller of the Currency reports that, as of September 30, 2015, insured U.S. commercial banks and savings associations had exposure to $192.2 trillion notional (face amount) of derivatives. Perhaps even more frightening only four banks hold 90.8 percent of all derivatives: Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America.