4 ms·
The derivatives and trading arm is what’s of concern here. Bonds and rates are a paper covering for trillions in swaps: bad bets that need to be repaid. These s
by weard_beard 4y ago
The derivatives and trading arm is what’s of concern here. Bonds and rates are a paper covering for trillions in swaps: bad bets that need to be repaid. These swaps may involve the solvency of US institutions.
That’s why this isn’t so straight forward.