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And neither company has anywhere close to the gross notional exposure of the TBTF megabanks. Even if WM and AMZN vaporized overnight it would be absolutely noth
by rajacombinator 10y ago
And neither company has anywhere close to the gross notional exposure of the TBTF megabanks. Even if WM and AMZN vaporized overnight it would be absolutely nothing compared to he carnage that say, an overnight JPM bankruptcy, would cause. The nature of WM and AMZN businesses also doesn't expose them to rapid destruction risks.