3 ms·
My take on the announcement: 1. Existing assets are more than current deposits, but liquidity is low 2. Shareholders, bondholders, etc.. are going to get zero
by dano 4y ago
My take on the announcement:
1. Existing assets are more than current deposits, but liquidity is low
2. Shareholders, bondholders, etc.. are going to get zero
3. The Fed will provide immediate liquidity
4. Assets will be sold to repay the liquidity provided by the Fed