The US banking system in 2006 had approximately $1 trillion in equity backing $17 trillion in on-balance-sheet assets (about 1x GDP in banking assets), lost approximately $800 billion during the financial crisis, and recapitalized itself through common and preferred equity offerings, successfully restoring the system
factualpending
Speaker
Kyle BassEvidence Quote
“banking system had a trillion of equity back in 2006. We had 17 trillion of onbalance sheet assets... We lost about $800 billion... We recapped our entire banking system through common and preferred equity”
Source
Global Macro Investing And Geoeconomics With Hedge Fund Investor Kyle Bass | Hoover Institution— Hoover InstitutionCreated: 8/11/2026, 7:32:16 AM
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