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I think that this should turn out OK for depositors, hopefully soon. It seems that while the bank essentially has no equity if you mark to market, assets and l
by cameldrv 4y ago
I think that this should turn out OK for depositors, hopefully soon. It seems that while the bank essentially has no equity if you mark to market, assets and liabilities are about equal. That means that they have enough money to pay depositors, but no reserve.
Given this, it's pretty attractive for a buyer. The buyer just needs to provide some capital to bring the reserves back into compliance.