Did you know: JPMorgan already reported a $2 billion unrealized loss on CLOs?https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/ …
Replying to @FrankPartnoy @ttmygh
"Despite their obvious resemblance to the villain of the last crash, CLOs have been praised by Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin for moving the risk of leveraged loans outside the banking system." LOL
11:08 AM - 10 Jun 2020
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