Here is my chart of the too-big-to-fail corporate bonds, with only 4 on the list. There aren't really that many companies that have more than $100 billion in bonds and are at least A rated. I have excluded Bank of America [BAC] ($204.3 bn), Verizon [VZ] ($283.5 bn), Goldman Sachs [GS] ($481.5 bn), and Morgan Stanley [MS] ($508.2 bn) because they are BBB rated. Also AIG has $88.4 bn and Capital One (COF) has $85 bn.
| WFC |
Wells Fargo |
$1,411,445.30 |
| C |
Citigroup |
$682,108.20 |
| JPM |
JP Morgan Chase |
$440,582.10 |
| GE |
General Electric |
$188,809.60 |
|
|
$2,722,945.20 |
I will think about this some more. Somehow I suspect that if Goldman Sachs were facing problems, they would be bailed out. The numbers for Verizon are screwy, but I think the rest of these could be in a bond fund of more than $3 trillion.
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