pull down to refresh
25 sats \ 0 replies \ @DeezSats 30 Sep 2022 \ on: What was the real reason for the Bank of England's gilt market intervention? bitcoin
"So this is not a story about pension funds, it's about banks. The gilt market freeze was creating a cash collateral shortfall for pension funds, and as a result banks were at risk of serious losses on derivatives."
Same reason as 2008