$140BB in exposure.
Wow, it is only the first inning.
So, what’s their plan, write down $11BB/Q for 13 more quarters?
LOL!
These mega banks are looking like Enron. Creative to the point of destroying themselves. Well, most people in finance saw this coming, and here we are.
I thought this stuff was against the law, after enron they passed some legislation that made CEO and execs more accountable? Let’s see about that.