The $247 Trillion in Derivatives That 25 US Banks Are Exposed To

Wall Street on parade speculated that one of the reasons in March that these large banks, 11 big banks in the US deposited $30 billion in first republic bank to try to save it. Wall Street on parade speculates that actually one of the reason they did that was to protect themselves over their exposure to $247 trillion in derivatives. The entire US financial system is a big casino and there are bets that are several times the size of the entire US GDP in the US banking system.