I could not tell that. Very enjoyable read.

It lacks your flair and easy lilt. You can tell I'm not at home in financial commentary...

Scoresby

Dirty underwear is a loooovely analogy; they still work!

Good indication that insolvency is never what actually pushes a bank (but any company) into bankruptcy; 

(And very excellent job at channeling me!)

econ

When should we care about those unrealized bank losses - Steven Kelly

Dirty underwear is a loooovely analogy; they still work!

Good indication that insolvency is never what actually pushes a bank (but any company) into bankruptcy; **illiquidity is**

(And very excellent job at channeling me!)