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60,260,000,000,0000 wtf... so equal to $185,000 per person in the United States. Bonkers

And thats only one bank

Ehh, I'm gonna waive that obligation.

Makes Reverse Repo look like a penny jar.

That’s notional value.

Quick, what is that per share outstanding?

That’s not how it works. That’s not how derivatives work.

[удалено]

Didn't someone else that blew up do the same? Archegos?

Archegos was a 23× value boost. $1.5B to $35B.

The 2023 bailout is going to be the same list as 2008, just higher values.

The last one was a quarter of all money in existence, this one would have to be at least 50%

Should be a huge windfall for the government then. The 2008 bailout resulted in about a 15 billion dollar profit for the government.

Fuck banks

Be your own bank.

Don’t forget that their VaR increased by 300%

That's 7500$ per person in the whole fucking world. This is completely nuts.

Stimulus checks for Wall Street LETS FUCKING GO!!

60T / 165k apes = 363 M per ape.

What about the people planning to sell more than one share tho?

wtf is a derivative?

An investment vehicle whose value is derived from another security. Options, futures, asset-backed securities, etc

Legalized gambling

Bets on other things. (Insurance, swaps, options, etc)

So they are the ones pumping the economy or what?

Totally fine totally cool very sustainable

so.. either suppress the world with control and violence and continue crime to keep prices down... or blow up the system... got it

Money isn't real, it's all about holding the power over the people.

What is a “book of derivatives”? Sorry, am smooth brain..🤷‍♂️

I’m guessing the book value of all of their derivatives.

Nothing to see here please move along 🚀🚀🚀

But market all green. Everything under control.

For now lol. This is that expected creep up before the rug pull just like 2008

Seriously, is the United States about to default?

Ooooo spicy!

“BuT, ThErE Is NoT eNoUgH MoNeY tO PaY yOu ApEs”. Found some.

I don't even know how to sell from computershare. These guys a so fucked.

Oh the JP Morgan who just released an article

Derivatives don't mean shit. Imaginary monetary bets that never get paid out.

I mean, why not? It’s not like there’s any risk for them. That’s the Poors problem

Lol and google just pushed an article to me to read where JPM claims a recession won’t happen and everything is going to get instantly better in 2023.

Thats a sweet way to talk about gambling profits.

If JP Morgan was a bookie his fingers would be broken by the mafia by now.

Remember when Morgan Stanley had $60 billion exposure and lost $15 billion in 08. Pennies now.

Op link please

Someone tell me this shit isn't real.

Someone check me if I'm wrong but didn't Billy Hwang's book of derivatives ALSO spike preceding his fund's collapse?

Let the bodies hit the flooooooooooooooor

I thought the FED's balance sheet was only $8.9T.

For everyone who likes to shit on Fidelity for no real provable reason, just remember JPM is ComputerShare's preferred broker partner of choice. DRS is good, but nobody is insulated.

Double the us debt

It’s just ok, we can lower the peak a bit. It looks like it’s time to start another fire in this warehouse on accident.

I’ll bet they are happy they are to big to fail!

FOOOR MEEEEE?!?! How generous, my floor keeps rising :D

🔥🐶🔥

Calls or puts?

But everything is fine “it’s rebounding” 😬🔫

What’s a derivative, ELI5 style, and why do they need 60trill of them?

Don’t worry, if JP can’t cover their positions, the DTCC will just waive the problem away. Infinite liquidity amirite?! Don’t worry though, the prices of stocks are TOTALLY legit, we promise /wink

Already read his book of derivatives. Boring at first but suddenly you come across a huge cliff..

Low effort comment for visibility

Do they baghold a shit load of GME shorts? GME was at ~130 at Dec ‘21 and at ~190 at end of March🤔