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CS shareholders got next to nothing. The govt forced through a deal over the weekend that valued the equity at far less than what the market did just 2 days pri
by bagacrap 4y ago
CS shareholders got next to nothing. The govt forced through a deal over the weekend that valued the equity at far less than what the market did just 2 days prior. Anyway that's not even in the same country. SVB shareholders got zero.
- zie 4y agoBondholders got actually nothing. It's not supposed to work that way. It should be: Equity gets zero, Bondholders get something.
- drexlspivey 4y agoExcept those were not actual bonds and it was clear by how they work that they were junior to equity
- bagacrap 4y agoSome bondholders got something. Specifically, the ones holding traditional bonds. The ones holding higher-paying and riskier bonds got nothing, by design.