JHFC. I know what that means. I’m screwed again.
Roll that around on your tongue a few times.
A THOUSAND billion dollars.
Washington don't even measure things in the billions anymore, let alone millions. Now that they've graduated to Trillions, there's no looking back.
A thousand BILLION dollars! On this one transaction alone..
This may be the scarriest thing ever reported on FR. If the OTDs are “insured” by other derivitives, a cascade will begin which will not be easily stopped. This is my greatest fear in regards to this mess. It will ignite a sort of nuclear chain reaction, at worst case scenario. We will see.