A lot of people weren’t there in 2008 or otherwise forget or misremember, but the Fed caught a lot of shit for Bear Stearns because they guaranteed $30bln of the worst pile of MBS sht you can imagine in exchange for JPM $2/sh bid — the BSC Madison Av

Grant Williams @ttmygh · Mar 13, 2023

Excellent thread from the one and only @PauloMacro

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by Paulo Macro

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