4 ms·
It is a weirdly high number. I can only assume it represents some sort of conservative "worst case" estimate, but so far I haven't seen any comprehensive breakd
by Lazare 4y ago
It is a weirdly high number. I can only assume it represents some sort of conservative "worst case" estimate, but so far I haven't seen any comprehensive breakdown.
And yes, if it does cost $20b, it will be the most expensive single bank failure (exceeding IndyMac).
- bradleyjg 4y agoIf only one thing comes out of this debacle it should be a ban on hold to maturity accounting practices.
- Lazare 4y ago...no, I really don't think that follows.
- sokoloff 4y agoThat is almost surely an excessive reaction. Limits (possibly to include prohibitions) on using H2M accounting to back demand deposits would be a more targeted (and therefore appropriate) intervention.
- deleted 4y ago[deleted]
- blitzar 4y agoWhen Is a “Mark” Not a Mark? When It’s a Venture Capital Mark https://a16z.com/2016/09/01/marks-offmark/ https://a16z.com/2016/09/01/marks-offmark/