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> they don’t have enough assets to make depositors whole. They do, if their assets get acquired by other banks who also invest in long term bonds, says at a di
by relativ575 4y ago
> they don’t have enough assets to make depositors whole.
They do, if their assets get acquired by other banks who also invest in long term bonds, says at a discount?
- mgfist 4y ago> They do, if their assets get acquired by other banks who also invest in long term bonds, says at a discount? "Hi it's me, rival bank. I'll buy those bonds of yours, buuut my best offer is 70 cents on the dollar".
- UncleEntity 4y agoHi, it’s me, Uncle Sam, I’ll buy those assets at face value because that’s what I do. No Open Market Committee buying of the stocks, though.