Lehman Derivatives - Is That a Risk?

Since 2008, total assets of large banks have barely risen while the stock of US Treasuries outstanding has grown over two and a half X. So where is that excess capacity? Where is that going? Whose balance sheet is it sitting on? And is that something to worry about? That's the problem. The Bank of England came in recently,. In March 2020, we saw all central banks come in. They would have argued at the time, this literally is a pandemic. No one could have predicted a pandemic in 2020 yet. I don't know if I'm just lucky or not. It's like extreme climate events. By the way, they were intervening in the market