Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Ask HN: Do you think this is the start of the new financial crisis?. Parent comment
There is no $600B of worthless bonds. There is $600B of unrealized losses. The bonds are worth something.
Moreover, unrealized losses are not leverage. Banks in 2008 were levered 30-to-1. No such thing now.
There are no comments on this comment yet.
There is no $600B of worthless bonds. There is $600B of unrealized losses. The bonds are worth something.
Moreover, unrealized losses are not leverage. Banks in 2008 were levered 30-to-1. No such thing now.