14 () posted 5 years ago by pkvi 5 years ago by pkvi +14 / -0 5 comments share 5 comments share save hide report block hide replies
I have a suspicion that the bond deal they are referring to is the MBS bond market.
J. P. Morgan Chase is set to see 13B of a 31 year security.
Ironically the Mortgage Backed Security bond market was created...31 years ago.
ALL major banks are over leveraged with those derivatives.
The CEO'S of the big five banks will appear at a House committee hearing and a Senate committee hearing on May 26th and May 27th. Just before the mortgage and rent moratorium expires on May 31st.