Quarterly bank OCC report: Total Swaps jumped by $10T of nominal value in 2021 after being flat for the last 5 years. GS still leveraged 136:1 on their nominal derivatives, but was reduced. Top 5 increased their swaps by ~$1T each. Top 4 added $200B in short term Equity Derivatives alone.

by laflammaster Caption: Derivative Contracts by Products https://www.occ.gov/publications-and-… Caption: Table 1: NOTIONAL AMOUNTS OF DERIVATIVE CONTRACTS https://www.occ.gov/publications-and-… Caption: Table 3: DISTRIBUTION OF DERIVATIVE CONTRACTS https://www.occ.gov/publications-and-… Caption: Table 4: CREDIT EQUIVALENT EXPOSURES https://www.occ.gov/publications-and-… Caption: Table 10: NOTIONAL AMOUNTS OF DERIVATIVE CONTRACTS BY …

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Joe Biden to make banks report anything over $600 to IRS!

View post on imgur.com https://www.westernjournal.com/democrats-just-voted-allow-biden-backed-irs-control-americans-banking-information/ It would have prohibited President Joe Biden’s administration from requiring financial institutions to report all transactions on accounts with a balance of more than $600. Trending: Donald Trump Says Biden Is Doing So Bad, Foreign Leaders Are …

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