The leverage the Top 5 banks are exposed to is simply mind-boggling. Jim Sinclair and others out there have pointed out for quite some time how leveraged those banks are. I found almost no website posting this link. So here it is. The official numbers released by the Office Of The Comptroller Of The Currency. Read it. Check the numbers and do the math. It is well worth it.
Especially check those numbers of total assets compared to total derivatives exposure starting from page 22.
Have a great evening!