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by bgc
1200 days ago
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An interesting tidbit from the Bloomberg live thread[0]: >The FDIC prefers to close a bank over the weekend, shutting it down on Friday and reopening Monday, Steven Kelly, senior research associate at the Yale Program on Financial Stability, told me. >“The midday takeover suggests the bank couldn’t responsibly operate until the end of the day,” Kelly said. [0]https://www.bloomberg.com/news/live-blog/2023-03-10/the-fall... |
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