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as opposed to being bailed OUT?
by albert_e 4y ago
as opposed to being bailed OUT?
- cm2187 4y agoWell they are not being bailed out, they are being liquidated. A bail-in is the power given to regulators to write down debt holders to auto-recapitalise the bank so it can re-open healthy the following Monday. A sort of instanteneous, extra-judicial chapter 11.
- JumpCrisscross 4y ago> bail-in the power given to regulators to write down debt holders to auto-recapitalise the bank so it can re-open healthy the following Monday SVB’s debts is likely to be impaired. That isn’t enough, however.