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https://www.cnbc.com/quotes/FRC?tab=financials https://www.cnbc.com/quotes/FRC?tab=financials They didn't buy MBS, but they have very similar assets/liabilitie
by reducesuffering 4y ago
https://www.cnbc.com/quotes/FRC?tab=financials https://www.cnbc.com/quotes/FRC?tab=financials
They didn't buy MBS, but they have very similar assets/liabilities. They have $17B more "assets" than liabilities, but $166B are in loans and only $4B in cash, meanwhile they have $176B in deposits that are about to be withdrawn heavily. They are going to need to liquidate those loans and you want to guess how much of a % haircut they're going to take on a liquidation of that scale, for similar assets to the MBS SVB purchased last year?
- theGnuMe 4y agounplug the phones and pull the internet... seems simple enough.