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There are these $40b dollars that were transferred from the bank during bank run? Can maybe the the VCs responsible for the bunk run step in and pitch in 5% fr
by startupsfail 4y ago
There are these $40b dollars that were transferred from the bank during bank run? Can maybe the the VCs responsible for the bunk run step in and pitch in 5% from that to fund the payroll?
- JumpCrisscross 4y agoSVB claims are trading around 60¢ on the dollar. Nobody should be more than a few days delayed on near-term payroll.
- johnbellone 4y agoAre uninsured deposits going to only receive 60¢ on the dollar?
- dmurray 4y agoThe smart money (the people buying at 60c) presumably expects them to receive quite a bit more. Those selling at 60c are generally doing so because they are desperate for the cashflow. Likely the number will go up as more cautious/less nimble entities are able to evaluate the trade and decide they can buy the claims at a higher price. I'd bet on 80%+ probability of uninsured depositors getting back 100c on the dollar, 99% they get back at least 60c on the dollar.
- kasey_junk 4y agoDuring IndyMac, widely considered the worst bank failure in the fdic regime, uninsured depositors eventually got back over 85% of their deposits. They had 50% in hand the week after the receivership.
- HWR_14 4y agoHow can I buy those claims? While I certainly don't think it's 100%, I also thinks the redemption will be higher than 60%