Not terribly far away from an order of magnitude compared to the numbers previously dealt with. Banks are in the oven, baking at very high temperatures and the timer is almost up.
Discussion
Already bailing out foreign banks. These bonds will never hit the market bid, the Fed will take the bonds and give them cash. Bailing out the world.
Just country-sized holes in the balance sheet of US banks, nothing a bit of sticky tape can’t fix
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