Post by Greg Foss: Good thread. Banking is full of hidden risks. Most bankers do not even understand that the MOST pro... - Upcarta

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Greg Foss @FossGregfoss · Mar 16, 2023

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Good thread. Banking is full of hidden risks. Most bankers do not even understand that the MOST profitable part of the business is (cheap) deposits

Tweet Mar 16, 2023

Wow, just recorded one of most revealing interviews of my life with the ultimate expert on interest rate hedging (issue at heart of bank turmoil). He said hedges at many U.S. banks were nowhere close to offsetting unrealized losses on securities (in

by Jack Farley

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