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It should not take too long to find out roughly what the uninsured depositors will receive. The investment portfolio is straightforward to liquidate. The loan
by NordSteve 4y ago
It should not take too long to find out roughly what the uninsured depositors will receive. The investment portfolio is straightforward to liquidate. The loan portfolio will take a bit longer to sell, but it's a well-worn process. If you haven't read about Resolution Trust Corporation, it's worth a couple minutes -- this is how the assets of failed savings and loan companies were liquidated 40 years ago.
https://en.wikipedia.org/wiki/Resolution_Trust_Corporation https://en.wikipedia.org/wiki/Resolution_Trust_Corporation