KW: More reasons explained that means we all have been warned sufficiently by now. The stack of cards looks perilous

“If the banks are not benefitting, who is? Leverage funds with huge interest rate derivative positions. And who is on the hook if they blow up? The big banks who are on the other side of the trade, as they would be forced to recapitalize the clearinghouses.”

Source: 944 Trillion Reasons Why The Fed Is Quietly Bailing Out Hedge Funds | Zero Hedge