3 ms·

Even if their assets are things like Treasury notes? I'm assuming JPM would get first dibs on those types of assets if First Republic went under, no?

• lxgr 4y ago
  Yes, that‘s my point: Even in case of an unprecedented interest rate hike and 10-year treasuries, the haircut due to depreciating asset values would not be 100% but much less.
  • bumby 4y ago
    Sorry, I misinterpreted your first post but thank you for clarifying.