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This is hogwash! Isn’t Bank of America sitting on like $600B of unrealized losses from the Fed raising rates so quickly?
What part of this is nosense? I get that the debt's just getting bigger, but ain't there no new tools out there? I'm no expert in this stuff!
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banks have undergone significant transformation and are no longer characterised by the vulnerabilities of the past.
I beg to differ!
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