3 ms·
I don't think that's likely. Other stats I've seen indicate over the past decade or two, uninsured depositors have been paid something like 75 cents on the doll
by mixdup 4y ago
I don't think that's likely. Other stats I've seen indicate over the past decade or two, uninsured depositors have been paid something like 75 cents on the dollar on their uninsured accounts. This would indicate the FDIC, if they don't find someone to buy the bank and make everyone whole, will liquidate the assets and pay out the accounts over a pretty short term
- pishpash 4y agoThat was before QE. What's some bonds to the Fed when they are the kind it would buy for its own balance sheet anyway? The issue is, one, they are in QT right now; two, buying isn't enough, as these are perfectly marketable securities, just that they are worth less than face value, so the Fed or anyone buying them at market price doesn't help. You actually need someone to eat the loss by paying face value.