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Yes, but it seems irresponsible that a bank would follow a plan like that knowing they don’t have control over when depositors ask for their money back.
by highwaylights 4y ago
Yes, but it seems irresponsible that a bank would follow a plan like that knowing they don’t have control over when depositors ask for their money back.
- landemva 4y agoRight. The depositors want paid in dollars not (underwater) fractionalized long duration bonds. Bank regulators allow mark-to-maturity accounting, and we just saw government and federal reserve backstop all deposits to cover up their regulatory blindness.