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It's worse than it seems - they are levered on average at 10-1. So they've lost almost 30% of their equity in aggregate. Put another way - if they lose 10%, th
by danielmarkbruce 4y ago
It's worse than it seems - they are levered on average at 10-1. So they've lost almost 30% of their equity in aggregate.
Put another way - if they lose 10%, they are finished.
- ceejayoz 4y ago> they are finished You think the US government is gonna go "whoops, our central bank failed, and we aren't willing to pay a fraction of the cost of the F-35 program to bail them out"?
- danielmarkbruce 4y agoNot central bank. The article is about banks, the assets and losses are on the balance sheet of the banks. The comment is about banks, not the fed.