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re: How are the taxpayers not paying for Bidens new millionaire/billionaire bailout?
Posted on 3/14/23 at 10:39 am to junkfunky
Posted on 3/14/23 at 10:39 am to junkfunky
quote:
The good banks will just give money to the bad banks. Seriously? No one is that stupid
Look in this thread. BigScrub, AlxTgr, legitimately believe banks will simply absorb the losses.
2
Posted on 3/14/23 at 11:21 am to ItNeverRains
quote:There's a fund they pay into
BigScrub, AlxTgr, legitimately believe banks will simply absorb the losses.
The money already exists. Posted on 3/14/23 at 1:01 pm to ItNeverRains
quote:
legitimately believe banks will simply absorb the losses
The losses are on paper. There are a ton of held bonds here that will pay out at 100 percent but that's a long ways away.
SVB ran out of time.
The problem is that it was pretty bad poicy for SVB to invest in bonds with the length that they did. Locking in a low rate bond for 10-20 years is insane - if you are a bank.
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