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No. The bank was insolvent due to an asset-liability mismatch. Regulators should have forced a capital raise last year. It became illiquid last Friday. Here
by testfoobar 4y ago
No. The bank was insolvent due to an asset-liability mismatch.
Regulators should have forced a capital raise last year.
It became illiquid last Friday.
Here is a good thread explaining it: https://twitter.com/MacroAlf/status/1634626124260028419?s=20 https://twitter.com/MacroAlf/status/1634626124260028419?s=20
- hn_throwaway_99 4y agoThanks very much for posting that link, very informative, especially from the perspective of understanding the "hold to maturity" vs "available for sale" classification and how banks can play tricks with those.