3 ms·
>Insolvent only in a technical sense What is there besides the technical sense? Their liabilities (deposits) can be called on demand, at any time, and they co
by itsoktocry 4y ago
>Insolvent only in a technical sense
What is there besides the technical sense?
Their liabilities (deposits) can be called on demand, at any time, and they couldn't cover the value of those liabilities. This isn't complicated. Imaginary worlds where the bonds were worth more are irrelevant.