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100% agree And even if Schwab had svb symptoms, the Fed facility announced yesterday fixes it. That program gives loans of up to a year with collateral priced
by paulusthe 4y ago
100% agree
And even if Schwab had svb symptoms, the Fed facility announced yesterday fixes it. That program gives loans of up to a year with collateral priced at face value, not market value.
There is zero risk of Schwab running out of cash to cover deposits.
- q1w2 4y agoThis is correct, but remember that the stock may also be down because they do still have losses on these longer maturity low-interest rate loans. ...I'm not sure how much of that is new information though. So while bankruptcy is not likely, a depressed stock price may still make sense.