3 ms·
> "We, JPMorgan, are willing to bet $5bn that First Direct does not fail, with no upside to us if they do not" Same sentences read to me completely differently
by mihaaly 4y ago
> "We, JPMorgan, are willing to bet $5bn that First Direct does not fail, with no upside to us if they do not"
Same sentences read to me completely differently:
"First Republic is in so deep shit that we must intervene immediately with funds we will miss dearly - we are troubled too - so it would not drag all of us down later. We also need to push pompous text in the attempt of covering how big our troubles are."
Sounds more believeable than "betting" for fun or being philantrophic all of the sudden.