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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (9289)	4/19/2020 12:22:19 PM
From: Sun Tzu	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26685

On a different note, little attention has been given to the off balance sheet liabilities of the big financial firms. One estimate that I read puts the top 5's exposure to $7.8T. That is the majority of the funds doled out will end up shoring up just 5 Wall St. firms. The Fed is not going to let them go belly up, no matter what the costs. However, those costs are coming out of our pockets. The removal of Glass-Steagall was a huge mistake (or was it?) that needs to be reversed.