finch ☦️ on Nostr: They are an investment bank and lots of other banks have exposure to them. Not sure ...

They are an investment bank and lots of other banks have exposure to them. Not sure if they will default as the gov would probably bail them out, but if they did it, the ripple effects would be massive:

https://web.archive.org/web/20121119070121/http://www.financialstabilityboard.org/publications/r_121031ac.pdf