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The derivative time bomb

Five banks: $231.4 trillion in derivatives

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Weapons of mass financial destruction.

Warren Buffett called them "weapons of mass financial destruction."

After the "reforms" now there are more than ever.

Who's holding them?

Just five US banks with a total of $231.4 trillion in derivatives.

The same ones that were bailed out with tax payer money and economy destroying zero interest rates.

And today, eight years later, the books look even worse.