Soros On CDS

- Credit Default Swaps USD 45 trillion outstanding world wide
- JP Morgan holds CDS in the amount of USD 16 trillion
- Bear Stearns had USD 2.5 trillion on CDS outstanding

See the whole Financial Times video interview: Soros

Pointer is from The Big Picture.

Here is a list of JP Morgan and other US investment bank derivatives volume.

That image is from Bear Stearns: The Smoking Gun(s) (and certainly not by Walter Bagehot), also found via The Big Picture.

And, the same blog as of 2008-03-29 has more on CDS: Debt Becomes Death, the Destroyer of Worlds