Federal Reserve audit exposes major securities fraud and the embezzlement of $16 trillion.

http://presscore.ca ^ | September 21, 2011

[Toddsterpatriot]

“Notional value is not the same as exposure...”

Of course. But who will you trust to tell you WHAT the exposure really is? the banks?

Whatever number the banks come up with is going to be closer to reality than the $250 trillion number you provided.

[mo]

Perhaps, Toddster, you could kindly just post what the bank you work for SAYS their exposure is?

That way we could all make an objective judgment of the integrity of that number as the spiral of this mess continues to slowly uncoil.

[Toddsterpatriot]

I don’t work for a bank.

[Toddsterpatriot]

Here's a 2008 report that shows notional and MTM receivables for derivatives.

Citibank Report

Page 90 and 91 of the report.