20 Banks make 5.2 Billion in 2Q Trading Derivatives

PPT · Sep 25, 2009

http://finance.yahoo.com/news/US-ba...-?x=0&.v=3&sec=topStories&pos=5&asset=&ccode=

so if there are 21 people at the table, and you don't know who the sucker is...

guy990opl · Sep 25, 2009

..derivatives like...options ?

nazzdack · Sep 25, 2009

Quote from PPT:
.....the dinner table.....

According to the article, the "Big 5" accounted for 97% of that profit. Most other banks are fighting for crumbs and bone marrow.

number22 · Sep 25, 2009

Isn't that strange every bank making huge profits? from where? who is the sucker losing so much money? LOL fed maybe?

Cdntrader · Sep 25, 2009

probably just write UPS on legacy positions the bailout allowed them to keep on the books.

tradermaji · Sep 25, 2009

Quote from number22:

Isn't that strange every bank making huge profits? from where? who is the sucker losing so much money? LOL fed maybe?

I think you hit the nail on the head... LOL.. they must be then returning the fed that money they took from them as repayment of the TARP funds. WOW... what a concept!!

rosy2 · Sep 25, 2009

Quote from PPT:

http://finance.yahoo.com/news/US-ba...-?x=0&.v=3&sec=topStories&pos=5&asset=&ccode=

so if there are 21 people at the table, and you don't know who the sucker is...

thats almost entirely sales. banks barely trade in a prop sense. they execute trades or do flow.

Cdntrader · Sep 25, 2009

Quote from rosy2:

thats almost entirely sales. banks barely trade in a prop sense. they execute trades or do flow.

umm who do you think is holding all the OTC toxic paper?

number22 · Sep 25, 2009

Quote from Cdntrader:

umm who do you think is holding all the OTC toxic paper?

tax payers world wide, lol

ipatent · Sep 25, 2009

Front running the government backed "rally," probably.