brock on Nostr: Remember when saving the entire global financial system required a bail out of ...
Remember when saving the entire global financial system required a bail out of ~$800B? Some estimates are that insurance will only play out ~$20B and total liabilities are around $150B.
One city, one disastrous event ~10-15% what it took to “save” the *entire* global financial system in 2008-9.
Published at
2025-01-12 16:48:35Event JSON
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"content": "Remember when saving the entire global financial system required a bail out of ~$800B? Some estimates are that insurance will only play out ~$20B and total liabilities are around $150B.\n\nOne city, one disastrous event ~10-15% what it took to “save” the *entire* global financial system in 2008-9.",
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