The "Total Return Swaps" are very interesting instruments. I'm unclear how the banks can justify the paltry premiums compared to massive risks involved, other t

The "Total Return Swaps" are very interesting instruments. I'm unclear how the banks can justify the paltry premiums compared to massive risks involved, other than the implicit guarantees that a Fed inspired bull market may achieve: https://www.investopedia.com/terms/t/totalreturnswap.asp https://www.investopedia.com/terms/t/totalreturnswap.asp How did Goldman survive unscathed? Their exposure was less than JPMC, but they seem to have liquidated before the impact of the block trades hit the market price. Curious! https://www.cnbc.com/2021/04/06/goldmans-risk-controls-worked-well-during-archegos-fire-sale-ceo-solomon-says.html https://www.cnbc.com/2021/04/06/goldmans-risk-controls-worke...