Ben Bernanke Loses More Money In One Day Than All Of LTCM Ever Did... Doubled - Tyler Durden http://bit.ly/eBysjg #tcot #finance #bernanke⁠⁠Agency Paper⁠ ⁠Ben Bernanke⁠ ⁠Convexity⁠ The ongoing collapse in bond prices is making John Meriwether blush with envy at the wholesale wanton destruction of capital undertaken by Ben Bernanke. Keep in mind LTCM - the organization which proved definitively that Nobel prizes in economics are given only to the most consummate destroyers of value, logic, reason and humility - lost "just" $4.6 billion from its peak before it became the biggest systemic risk in the world back in 1998 and had to be rescued by a consortium of banks. The bottom line: with about $10 billion in SOMA losses today alone, Ben Bernanke has generated more than double the losses that nearly destroyed western finance 13 short years ago. And nobody cares. http://bit.ly/eBysjg http://bit.ly/fmXueo Tweet