All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels
TL;DR: Derivatives Danger: Four major U.S. banks hold 87% of all derivatives, totaling $168.26 trillion. Dodd-Frank Failure: The 2010 law failed to prevent the return of risky derivatives practices. Leverage and Off-Balance Sheet Debt: Megabanks have excessive leverage and hide debt off their balance …