22 ms·
Monday, FDIC allows $250k. Let's say within the same week they're able to provide 50% of the depoits back. There are still many companies that will not survive
by ckdarby 4y ago
Monday, FDIC allows $250k. Let's say within the same week they're able to provide 50% of the depoits back. There are still many companies that will not survive waiting +3 months for the other potential remaining 50%.
- chernevik 4y agoThe point here is, those companies won't be helped by panicking.
- manquer 4y agoThey still get a certificate for the rest which they could potentially get loan in the market against it. the loan maybe say only up to 75c on the dollar that would mean 87.5% of deposits available within a week or so. It would still hurt but 12.5% of your cash is going to be do or die , you already have survival problems to worry about .