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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Goldman Cuts Loan Exposure to SoftBank's Vision Fund" video.
That also explains the Federal Reserve's multi-day repo operations. Goldman and other banks are highly exposed to SoftBank and over-valued Silicon Valley collateral. All the Federal Reserve did was piling on, delaying the eventual reckoning of bad loans and make that eventuality worse.
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