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Your comment really amused me. "Hold on, let me just... I'm sure there's a Good Reason around here somewhere..." - Hot Take Taylor
by sajacy 4y ago
Your comment really amused me.
"Hold on, let me just... I'm sure there's a Good Reason around here somewhere..."
- Hot Take Taylor
- yunwal 4y agoThe onus is on the people claiming that this is a no-risk deal for the FDIC. Otherwise, seeing this as a bailout is the reasonable conclusion. If there was no risk, JP Morgan would be willing to step in to capitalize. The fact that they won’t tells me this is a bailout.
- sanderjd 4y agoI mean, they spent the weekend trying to find a private buyer and clearly nobody wanted it. Doesn't seem to be a reach to conclude it might not actually be a great deal for the new owners (the US government)...