bnbg, page-6

One further point:

- negative equity does not mean zero value.

There are may banks, today, who would have negative equity if they accounted for their assets at the most pessimistic end of the valuation scale.

These banks will recover fully, over time - there is no reason for them to collapse. However, protecting the markets from the most pessimistic view is the game currently being played by all banks.

I wonder what the MQG equity state would be under the most pessimistic asset valuation?