Posted on 03/09/2022 11:39:00 AM PST by delta7
There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt. There is likely many billions more in unknown amounts. There are also billions more in Credit Default Swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt. In addition to Wall Street not knowing which global banks and other financial institutions are on the hook to pay out on the Credit Default Swap protection they sold in case of a Russian sovereign debt default (or Russian corporate debt default), there is also approximately $100 billion of Russian sovereign debt (whose default is looking more and more likely) sitting on the balance sheets of foreign banks. Put it all together and you have the makings of a replay of the 2008 banking crisis when banks backed away from lending to each other because they didn’t know who would fall next from toxic subprime exposure. That led to a liquidity crisis and the unprecedented involvement of the Federal Reserve secretly pumping trillions of dollars into the megabanks on Wall Street and their foreign derivative counterparties.
(Excerpt) Read more at wallstreetonparade.com ...
AIG...”too big to fail”.
Senile Joe shoots us in the foot , again. All of the western aerospace and aircraft companies, ( Boeing, Rolls, Air Bus, Lockheed ) are panicking because Russia is also sanctioning ( withholding titanium, nickel, etc) to them. Russia supplies 92 percent of the world’s titanium, and many other exotic metals. Senile Joe has been trumped by Vlad, again.Stay tuned, huge dislocations and shortages never imagined….
Sometimes cold turkey is the only way to get companies off of sourcing vital and strategic resorces from outlaw regimes.
Good luck getting US banks out of China....
15 years ago, the lead time on orders to get a delivery of Russian Titanium was 36 months or in other words 3 years. If Vlad shuts that door today, what happens to our aerospace industry??? I highly doubt the lead time has improved dramatically in 15 years.
Nice move President Poopy Pants !!!!
The administration has a plan—we are going to operate US industry with fairy dust and Unicorns.
Poverty is joy, citizen!
How is Russia an “outlaw regime?”
Seriously?
Stolen votes have consequences.
Of course “seriously.” If that were the case, then why have we been trading with them and treating them as equals on the world stage for decades? All of a sudden Russia invading Ukraine, something they’ve threatened for years, makes them an “outlaw regime?” Couldn’t the same be said of us when we interfered in Eqypt & Libya, and invaded Afghanistan & Iraq?
Do you understand a dictatorship? Putin took power and freedom from the Russian people. He also has taken 100 billion dollars from the Russian people.
Washington is filled with people who believe that words are reality.
Once again, Joke Biden has done the same thing in America. We just have the illusion of a democracy. I really don’t see the difference between Putin and Biden at this point.
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