It was actually even more interesting because what really happened was stuff they didn't expect to happen, simply because it hadn't happened before. The illusion that the Stress Tests gave them were that they were safe, despite the insane leverage. But they weren't stress enough: pic.twitter.com/Lfr3rYosUb
— Deepak Shenoy (@deepakshenoy) July 22, 2020
via Twitter https://twitter.com/deepakshenoy
July 22, 2020 at 04:47PM
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