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Their liabilities were less than $180B and it's not like their assets are going to zero. Seems like there are more than a few firms who could just buy it themse
by motohagiography 4y ago
Their liabilities were less than $180B and it's not like their assets are going to zero. Seems like there are more than a few firms who could just buy it themselves, and then they have a whole commercial and investment bank of their own that can be competitive. Just say hey, we have liquidity to cover your payroll and deposits, we're the new owners, and you get a startup banking concern without the legacy costs of an ibank that started 100y ago.
Why doesn't YC pick it up? Even just as a testbed for enterprise technologies for banking, a bank managed by that culture will pay itself off in growth.