Liquidity is a very complicated, subject and books like The Big Short will be written about this.
One thing to keep an eye on is: did the regulators really screw up by not forcing the banks to “mark to market“?
Instead, is it accurate to say the banks simply had to footnote the “mark to market” position? Which is not the same as processing the loss through their income statements.
I recommend to listen to this great interview: https://open.spotify.com/show/4YWyPCna1Sg50fmRJGF0LV
Liquidity is a very complicated, subject and books like The Big Short will be written about this.
One thing to keep an eye on is: did the regulators really screw up by not forcing the banks to “mark to market“?
Instead, is it accurate to say the banks simply had to footnote the “mark to market” position? Which is not the same as processing the loss through their income statements.
Cash to buy more energy equities when the recession hits.