Quote Originally Posted by billstew View Post
Would a JPM Chase collapse cost 100 ... 200 Trillion?

I would have to add it to my US Total Cumulative Debt Guesstimate model, and that would take some re-modeling. Currently the cumulative debt per household is 2.25 m USD.

I am assuming only 10% to 20% of global derivatives going bad, and JPMC only being important in holding 10% of all derivatives. To me this is an oddball conjecture as I am not fully versed in guesstimating this kind of stuff.

The FFTs on derivative ownership is unknown, so this is pure guesstimate territory.

Anyway, your thoughts on this...
Numbers that big are meaningless. If JPM & GS go down that is the end of the US govt & system, they are so closely tied at the hip.