Unpossible.
Dave Kranzler
@InvResDynamics
I suspect that Evergrande et al present global banking systemic risks in that there's no way in hell that the US/EU TBTF banks have NOT underwritten $100's of billions in OTC derivatives on the paper now blowing up in China…
Dave Kranzler @InvResDynamics
The Fed learned from 2008 how to monetize bad bank business decisions out of the public's sight. This is why that $500B "standing" repo facility was set up at the July FOMC meeting despite the fact that the Fed was doing $1T in overnight reverse repos. twitter.com/InvResDynamics…
twitter.com/InvResDynamics/status/144830617773396
https://twitter.com/InvResDynamics/status/1448306485910454274