Derivatives: Bailed-Out Banks Still Making Billions Off Risky Bets - Traders Hideout | futures io social day trading
futures io futures trading


Derivatives: Bailed-Out Banks Still Making Billions Off Risky Bets
Updated: Views / Replies:1,534 / 4
Created: by Big Mike Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Derivatives: Bailed-Out Banks Still Making Billions Off Risky Bets

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,219 received

Derivatives: Bailed-Out Banks Still Making Billions Off Risky Bets

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Huffington Post
U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter of 2009, a 225 percent increase from the same period last year, according to the Treasury Department.
More than 1,100 banks now trade in derivatives, a 14 percent increase from last year. Four banks control the market: JPMorgan Chase, Goldman Sachs, Bank of America and Citibank account for 94 percent of the total derivatives reported to be held by U.S. commercial banks, according to national bank regulator the Office of the Comptroller of the Currency.
The credit risk posed by derivatives in the banking system now stands at $555 billion, a 37 percent increase from 2008. "By any standard these [credit] exposures remain very high," Kathryn E. Dick, the OCC's deputy comptroller for credit and market risk, said in a statement.

Democracy at work...
Story:
http://www.huffingtonpost.com/2009/09/28/derivatives-bailed-out-ba_n_300420.html

Mike


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.


Last edited by Big Mike; September 29th, 2009 at 12:46 AM. Reason: url
Reply With Quote
 
  #2 (permalink)
Elite Member
Sydney
 
Futures Experience: Beginner
Platform: NinjaTrader
 
Posts: 45 since Jun 2009
Thanks: 33 given, 18 received

The con job that has been foisted upon American citizens is a disgrace. You guys should be furious as you watch Wall St (and the Fed, which is really a subsidiary of Government Sachs) save Wall St. I mean no disrespect, but there is an Aussie here who honestly feels for you guys.

Reply With Quote
 
  #3 (permalink)
Elite Member
Scarborough, Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader, MetaTrader
Broker/Data: Mirus/Zenfire
Favorite Futures: CL, EURUSD, 6E
 
LordAlfa's Avatar
 
Posts: 88 since Jul 2009
Thanks: 7 given, 45 received


We were almost at the brink of market failure last year.

Watch the BBC's The Love of Money. A 3 parter documentary.\

And I didn't know that Iceland went bankrupt and the Finance Minister went to the IMF meeting with loads of cash because he did know if his credit card would be denied.

Reply With Quote
 
  #4 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Currencies
 
hondo69's Avatar
 
Posts: 165 since Jun 2009
Thanks: 57 given, 240 received

Most everyone I talk to is disgusted to the Nth degree, but everyone's a little unsure what to do about it. Call your Congressman, send a letter to your Senator? We all know that's a waste of time.

And I don't have the solution either, but I do know a few things you can take to the bank. All you have to do is spend a little time studying history and you'll quickly realize human nature causes events to repeat themselves over and over. It's been the same for thousands of years, and it's going to get ugly.

We'll come out at the other end eventually but not before a lot of people are hurt both financially and physically. And, or course, there will be war. No one can say what type of war or how many there will be but its bound to happen and cannot be stopped now. All we can do is prepare ourselves and our children in order to make the best of it.

But there is a positive side to all these problems. When things get bad, really bad, human beings naturally tend to bond together more closely than "normal". It makes us stronger, wiser and we simply treat each other a whole lot better. And that's a good thing. Who knows, maybe for the first time in human history we'll actually learn from our mistakes. You never know.


ps: don't start the revolution without me

Reply With Quote
 
  #5 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

Unfortunately , to survive here you need to be a crook posing as a law abiding businessman waving the flag and slashing throats .

Reply With Quote

Reply



futures io > > > Derivatives: Bailed-Out Banks Still Making Billions Off Risky Bets

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Regulator sues Goldman Sachs over risky mortgages kbit News and Current Events 0 August 9th, 2011 08:45 PM
Death Derivatives Emerge From Longevity Risks kbit News and Current Events 0 May 17th, 2011 04:58 PM
Cheap Dollar Fuels One-Way Bets in Everything Else Quick Summary News and Current Events 0 April 29th, 2011 01:00 AM
Student Loan Reforms Putting Taxpayers on Hook for Billions Quick Summary News and Current Events 0 December 21st, 2010 10:50 AM
BP Accused of Risky Shortcuts as Obama Tours Gulf Quick Summary News and Current Events 0 June 14th, 2010 11:50 PM


All times are GMT -4. The time now is 08:22 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.09 seconds with 20 queries on phoenix via your IP 54.90.207.75