Several reports of JPM derivative exposure have surfaced...for example this one at $70 trillion last December...

 

>>By the end of December, J.P. Morgan’s total derivative exposure was $70.2 trillion on just $1.8 trillion of bank assets, according to the U. S. Controller of the Currency.>>>

 

 

I have seen others as high as $90 trillion.

 

Another interesting thing are the rumors of employment of an army of accountants and computer specialists supposedly working feverishly to 'straighten' out the derivative books of a large TBTF wall street bank...something like 600 to 900. Sinclair and Jim Willie have mentioned this...Willie thinks it is Morgan Stanley, but we do know that JPM is in trouble with a bad derivative bet on interest rate spreads and losing billions.....sooo stay tuned the circus is coming IMO.