It’s essentially happening de facto. The regulators have not done their jobs for the last 8 years and now the system is completely shot. Allowing these banks to hide the fact that their insolvent is the first step in the process. It’s called protection. Then giving them money and time is the next step. But make no mistake, this is not free market activity, it is the process of nationalization.
If the derivatives market starts to break, it’s way down to the bottom. This may not be avoidable at this point.
