2 ms·
Again that's revisionist. They booked a huge loss (something like $1.2B) last week, before the bank run, precisely because they lacked liquidity to handle rout
by ajross 4y ago
Again that's revisionist. They booked a huge loss (something like $1.2B) last week, before the bank run, precisely because they lacked liquidity to handle routine withdrawals. The bank run is the effect, not the cause.