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A comment on A visualisation of all of the money in the world. Parent comment

Re:A visualisation of all of the money in the world by scyclow on Friday December 18, 2015 @11:19AM (#10759209)
I agree with this, but let's not forget about the counterparty risk making the interconnected financial system so fragile. If GS offsets its [long position with JP] with a [short position with Citi], and Citi goes under, GS is screwed.
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Re:A visualisation of all of the money in the world by retube on Friday December 18, 2015 @11:44AM (#10759340)
yeah but most interbank dealing is collaterised now so little counterparty credit risk left (altho this does arguably just shift counterparty risk to funding risk, but that's another story...)
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