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Incredible that this can just be done over a weekend. Is there a good writeup of (what I assume is a mountain-load of work) of how this works, and what happens
by yawnxyz 4y ago
Incredible that this can just be done over a weekend. Is there a good writeup of (what I assume is a mountain-load of work) of how this works, and what happens during this process?
Also, will the FDIC just eventually feed SVB's MBSs back into its insurance fund once they mature?
- wmf 4y agoPeople can work fast when it matters. https://patrickcollison.com/fast https://patrickcollison.com/fast
- winterqt 4y agoSee https://www.npr.org/2009/03/26/102384657/anatomy-of-a-bank-takeover https://www.npr.org/2009/03/26/102384657/anatomy-of-a-bank-t... for some more info on how efficiently the FDIC works.
- hammock 4y agoLehman Brothers collapse, bailout negotiations and bankruptcy happened over a weekend. AIG also bailed out 24hrs later https://www.brookings.edu/research/history-credits-lehman-brothers-collapse-for-the-2008-financial-crisis-heres-why-that-narrative-is-wrong/ https://www.brookings.edu/research/history-credits-lehman-br...