Relevant:
- With LIBOR Dead, $400 Trillion In Assets Are Stuck In Limbo
- Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab
- How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months
- Credit Default Swaps and Bank Leverage
- The $289 Trillion Problem
2012-03-10 — kingworldnews.com
``"The BIS confirms, in the area of CDS's the total outstanding is approximately $37 trillion. So I believe the reports being given about this just being a small and modest market event is false. As a market observer and having more than 50 years in the business, the real number is at least 50% or more of the existing $37 trillion that is related to Greece.
''
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