risk ends up somewhere

business models are not privileged with the ability to manufacture, distribute, and retire specie that absolves sins of commission and omission as are central banks

business models have to beggar stakeholders whether creditors, shareholders, management, regulators, employees, management, or a few of each

the headline that big brother covered for little brother was met with euphoria in little brothers slices of equity without consideration where the sins would come to rest

to wit UBS opined that cash in less than cash out plus promises to pay circles the drain of balance sheets


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