“Unrealized Losses” on Securities Held by Banks, Oh Dearie, the Whole Schmear: +8%, to $558 Billion
by Wolf Richter, Wolf Street: How do you lose 47% on 30-year Treasuries? Buy at auction in Aug 2020. Or you can carry them at purchase price and hide the “unrealized loss” in the footnotes. “Unrealized losses” on securities triggered the bank panic earlier this year, in that uninsured depositors with millions or billions of […]
