Will JP Morgan and Bank Americas Trade Down?

Karen: How concerned are you in terms of unknown or undisclosed counterparty risk at some of the banks that you hold? Vasmani: It would be idiotic to dismiss it, but there is this credit CVA, which tries to ascertain credit party risk. The financial crisis was built on things that people couldn't understand,. People didn't understand what was actually happening when financials were collapsing. Now people understand, hey, I have a bank account, is it going to be there tomorrow? Yeah.