where did all the money go that caused the bank to fail?
where did all the money go that caused the bank to fail?
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I have it.
I bought my house w/ it
Its all in my fucking pocket (its a big ass pocket). Come and get it, nazi piece of shit
They put essentially half their fucking funds in 10 year bonds at 1.63%. This was very retarded.
An asset, sure a poor one, but an asset just the same. The money went nowhere, the bank was fine until Peter TechHomo started an idiotic run on a nice, solvent little enterprise.
Yup, which means they have the money. Problem is it's not liquid, and they can't sell the bonds for what they paid for them since there's no demand when anyone can get new government bonds paying 5%.
Some bigger bank with enough liquid cash to cover their liabilities to depositors could buy them up and then just sit on those 10-year bonds until they mature, then get the principle plus a little interest. Or the government in theory could do the same, I don't know if that's something FDIC has the power to do or if it'd take a bailout passed by Congress.
That's a lot of coulds.
Bonds will be sold for a loss and depositors with over 250k will get a portion back minus ~~*legal fees*~~
Ukraine and joe biden’s crack fund
god damn i wrote a lot, i am going to delete it
noo haha your so sexy
post is fine
>where did all the money go that caused the bank to fail?
it was never there in the first place, it's time to pull the rug for political reasons
thanks to zero reserve money and the retarded debt systems, money is just a number!
israelites
I spent it, for her
>unironically rolling standard banner characters, but not just standard banner, also broken, garbage, and boring.
rolling for power is boring
rolling for harems is fun
Not into crypto that’s for sure.
it went to whoever sold them the MBS and treasuries they bought a few years ago