Derivatives

Looks like the game is up for JP Morgan, as a $2bn loss looks like it really is much, much more than that, and pundits are saying this is the crack in the global $292 trillion (with a 'T') derivative market. Whether this coming financial collapse is due to conspiracy or cock-up, it hardly matters now, as we slide into economic chaos:

http://www.youtube.com/watch?v=DyGblA8Fc3s&feature=player_embedded

http://www.zerohedge.com/news/jamie-dimon-invited-testify-senate

http://www.zerohedge.com/news/what-jamie-dimon-really-said-cias-take

Systemic risk still very much on the horizon:

http://www.youtube.com/watch?feature=player_embedded&v=yyifLaiTM98 

And here's a great interview giving an oversight of the whole derivative problem:

 http://libertyblitzkrieg.com/2012/05/14/dr-dave-janda-radio-interview-may-2012-the-derivatives-blowup/