20 Banks make 5.2 Billion in 2Q Trading Derivatives

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...

 

..derivatives like...options ?

 

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

 

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

 

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

 

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!!

 

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?

 

tax payers world wide, lol

 

Front running the government backed "rally," probably.