Huffpost Business

Bank Of America, Goldman And Others' Insanely Large Derivative Holdings Visualized [INFOGRAPHIC]

Posted: Updated:

Roughly a decade ago, billionaire Warren Buffett pronounced derivatives, or securities based on a contract between parties, "financial weapons of mass destruction," saying they carried "potentially lethal" dangers within them.

Still today that derivatives market appears as daunting as ever, especially thanks to Oto Godrey's Demonocracy.info, an economic infographic site. In fact, if the nine banks with the largest derivatives holdings turned them into piles of cold hard cash, most said holdings would stack higher than the headquarters of the corporations they belong to.

All told, the nine banks seen below, including Goldman Sachs, Bank of America, and JPMorgan Chase, own $228.72 trillion worth of derivatives. That's just a little off from topping the total U.S. debt 15 times over!

Click on any of the images below to go directly to Demonocracy.info:

As something of a key, here's what money looks like when stacked:

Now, onto the banks.

Bank of New York Mellon

State Street Financial

Morgan Stanley

Wells Fargo

HSBC

Goldman Sachs

Bank of America

Citibank

JPMorgan Chase

Holdings of the nine banks combined

Suggest a correction

Around the Web

Derivative (finance) - Wikipedia, the free encyclopedia

Derivative - Wikipedia, the free encyclopedia

Derivative Definition | Investopedia

Find a Derivative - WebMath

Risk management software, solutions, portfolio, investment

MetLife Swings To 1Q Loss On Derivatives; Inadvertently Posts Results

Vestia Derivatives Fraud Probe Expanded by Dutch Prosecutor

Commodity derivatives trade repository launched by DTCC

Regulators Defend Derivatives Rule

Lehman's Swiss Unit Sues Bank of Singapore Over Derivative Deals

Feds soften rule on oversight of massive, lightly regulated market for ...

Rising cost of risk tools daunts Europe companies