Definitely “too big to fail”

Mark B. sent me a terrifying  infographic describing 9 banks’ derivative exposure:

http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

The graphic starts with a single $100 bill:

Then the graphic visually describes the amount of cash necessary to cover different banks’ hedges:

I cut off the top of the image so that you won’t panic when you see how high this at-risk money is piled.  Just a reminder: speak to your independent financial professional before withdrawing all your money from the bank and putting it into your mattress.

(BTW, this is a great infographic, but it’s not part of the contest because it’s not original. Sorry, Mark.)

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About Mark P. Holtzman

Chair of Accounting Department at Seton Hall University. PhD from The University of Texas at Austin. Worked at Deloitte's New York Office. BSBA from Hofstra University.

One comment

  1. Pingback: Heads I win, tails you lose TWO BILLION DOLLARS « Freaking Accountant

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