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Open original source ↗There are certain folks I follow for their niche speciality analysis on oil, on certain tech areas, etc.
@rcwhalen is one of my favorite follows on banks. https://t.co/jknkXIqieJ
He points out $200B in risk to banks, rounds up to $500B when broadening it to further commitments.
For context that’s only 1-2% of bank assets and 10-20% of bank capital.
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OUT NOW - @rcwhalen on banks' "considerable" private credit exposure 🏦 There's "no transparency": use of off-balance sheet vehicles to mask true exposure of ~$500B Apple 🔊https://t.co/WuiP53leku Spotify📽️https://t.co/EdCDKXfJdy YouTube📽️https://t.co/W8EybE3tOh 1/3 https://t.co/GYxCbGMeAP
JackFarley96 ↗