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They factually lost 1.8B on 21B worth of investments, this is an 8.5% loss. Unclear why there's conjecture like previous comments saying its a 25% loss. They d
by KerryJones 4y ago
They factually lost 1.8B on 21B worth of investments, this is an 8.5% loss. Unclear why there's conjecture like previous comments saying its a 25% loss.
They did the right thing by selling out now -- likely because they see more rates raising in the future which would decrease it, so they took the liquidity and then raised a bit of money to cover up that loss (raising 2.25B)
- user_named 4y agoNo, they did the wrong thing by selling so late.
- KerryJones 4y agoAgreed -- but are you saying they shouldn't have sold at all? I don't think you can say it was a "wrong decision" at the moment, I agree that it was too late. But you could also go back and say they shouldn't have invested in the long term assets in the first place. Or you could go back and say they shouldn't have accepted the deposits without having short-term gain solutions in the first place.
- user_named 4y agoI'm saying they shouldn't have bought what they sold in the first place.