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Late Stage Capitalism@lemmygrad.ml • 3 years ago

U.S. Banking System Has a $168 Trillion Nightmare Looming. It Was Ignored in Written Testimony for Today’s Senate Banking Hearing

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U.S. Banking System Has a $168 Trillion Nightmare Looming. It Was Ignored in Written Testimony for Today’s Senate Banking Hearing

wallstreetonparade.com

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Late Stage Capitalism@lemmygrad.ml • 3 years ago

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By Pam Martens: August 3, 2021 ~ Risky derivative bets made by the mega banks on Wall Street, offloaded onto inadequately capitalized counterparties, were

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6•3 years ago
oh boy, it sure is 2008 in here