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A Secretive Banking Elite Rules Trading in Derivatives
Bank of America’s holding company — held almost $75 trillion of derivatives<br />Buffett warns on investment ‘time bomb’
Derivatives are financial weapons of mass destruction

Sources:
http://www.nytimes.com/2010/12/12/business/12advantage.html?pagewanted=5
http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_mktp_cd&tdim=true&dl=en&hl=en&q=global+gdp#!ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=region&ifdim=region&tdim=true&hl=en_US&dl=en&ind=false
http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq311.pdf
http://news.bbc.co.uk/2/hi/2817995.stm