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I don't understand how this pension fund manager will lose any money if the FDIC will be making all depositors whole. The article doesn't seem to cover this (u
by kyrra 4y ago
I don't understand how this pension fund manager will lose any money if the FDIC will be making all depositors whole. The article doesn't seem to cover this (unless I missed it).
- aprao 4y agoThe pension fund probably owns shares in the bank, which are now worthless.
- matthewbauer 4y agoPresumably they own equity in these banks.
- coev 4y agoThe pension fund plays the role of investor here, not depositor.
- kyrra 4y agoGot it, thanks