3 ms·
It's worth remembering that not every "bailout" wipes out equity holders. Citigroup and AIG were both bailed out during the financial crisis and their equity su
by khuey 4y ago
It's worth remembering that not every "bailout" wipes out equity holders. Citigroup and AIG were both bailed out during the financial crisis and their equity survived (although with heavy losses).
- colechristensen 4y agoThat is why those were bailouts and this is not. Shareholders are not being protected.
- stefan_ 4y agoMany things can be a bailout. I'm just calling it how I see it: this bank has assets that are likely less than the sum of its deposits. To make them whole despite this is a bailout, and particularly so when it's above the previously agreed on limit. Maybe you just have an unnatural aversion to the word or something.
- colechristensen 4y agoThe bank is gone, it’s not being bailed out it no longer exists. It has in entirely been taken by the fdic and will be parted up and sold for the benefit of those the former bank owed money to (to wit, those who deposited money with it)
- deleted 4y ago[deleted]