View Single Post
Old 06-25-2013, 03:21 PM   #564
Just hanging out.
DenverBrit's Avatar
Got a breath mint??

Join Date: Aug 2005
Location: Denver
Posts: 15,125

The Team

Originally Posted by mhgaffney View Post
You overlook the fact that the too big to fails are way over-leveraged. Their reserves are tiny compared with their exposure to credit default swaps and other toxic debt. On an order of 30 to 1 or even worse.

This is not good. This is why the QE 3 was put in place in the first place -- and why if the Fed backs off the too bigs will be in big trouble.

How about a source?
DenverBrit is offline   Reply With Quote