Watch out below............................from Rico

While American drivers are celebrating the huge drop in oil [read: gasoline] prices, they should be careful what they wish for.

The TBTF (too big to fail) banks that gave us the 2008 financial crisis, have since gotten larger by about one third and have become TBTJ (too big to jail)...in addition to becoming TBTB too big to bail).

And when you reward irresponsible behavior, what happens?
- Yes. Exactly. They have become more irresponsible.

The TBTF Wall Street banks have also become NOT TBTF thanks to derivatives. Especially commodity derivatives.
- Because everything goes UP, and this time it's different, these clever bankers didn't foresee the sudden $40 per bbl drop in oil prices and are on the losing side of these commodity derivative trades. The six biggest US banks hold roughly $3.9 trillion in losing derivative contracts.

There are a few commodity producers on the winning side of the derivative trade, however. Pioneer Natural Resources [ticker: PXD] for example, has options through 2016 covering two third's of their likely production, so unlike the banks they are protected