>>20146723>$4 trillion in unrealized losses so far.We really are living in 2006, huh? The estimated cost of the 2008 TARP/fed liquidity backstop was in that order of magnitude.
What I want to know is, and I welcome your thoughts on this, what happens when the troubled assets are US Treasuries instead of mortgage backed securities? Does USD supply just go hyperbolic? Picrel already indicates to me that banks can overleverage themselves to the tits on treasuries and not report it to their leverage ratio, so there's probably a lot of dead banks 2 years in the future, or less. And big ones too. I genuinely don't think the USD can survive another "systemically important bank" bail-out.
