Sep 20, 2021
3:32:49pm
3:32:49pm
Not as widespread at all. The big one is a $300B loan portfolio backed primarily by hard assets. 2008 was driven
primarily by the derivatives market and default swaps. The losses weren't actually backed by real assets.
Originally posted on Sep 20, 2021 at 3:32:49pm
Message modified by Pimpin4Paradise on Sep 20, 2021 at 3:34:14pm
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Watch closely. I'm guessing that the Chinese govt steps in to provide liquidity and prevent total collapse. We'll trend
9/20/21 3:24pm
9/20/21 3:33pm