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Based on their disclosures today, it's clear that they're insolvent without cash infusions. Uninsured capital has left the building, they've suspended their div
by radicaldreamer 4y ago
Based on their disclosures today, it's clear that they're insolvent without cash infusions. Uninsured capital has left the building, they've suspended their dividend and its only a matter of time before they're bought and equity either zeroed out or purchased for pennies.
I'm sure some of these may be clawed back at some point, but its not clear that anyone will do that without the bank being taken over first by the FDIC.