The Big Banks and the Dangers of Derivatives

Remember the 2007 Credit Crunch and the subsequent 2008 Crash? That stemmed from a change in home loan policies in the mid-1990s - resulting in several delinquent and expensive loans - which led to the constant sale and resale of derivatives.

Now, we see several banks - especially the big ones - going deep into derivatives once again. Not only that, the top four 'large banks' wind-down plans from their derivatives have been given failing grades by both the Federal Reserve and the FDIC. In fact, Goldman Sachs’ Bank Derivatives Have Grown from $40 Trillion to $54 Trillion.

How dangerous could this be for our economy, your credit, your savings and your investments? Swiss America CEO Dean Heskin and Chris Agelastos break down the situation and what it could mean on The Secret War on Cash.

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Articles referred to in this podcast:
The Fed and FDIC Wake Up Suddenly to the Threat of Derivatives, Flunking the Four Largest Derivative Banks on their Wind-Down Plans (wallstreetonparade.com)
Goldman Sachs’ Bank Derivatives Have Grown from $40 Trillion to $54 Trillion in Five Years; So How Did Its Credit Exposure Improve by 200 Percent? (wallstreetonparade.com)