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by dragontamer
1194 days ago
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Sure, but $46 Billion left the bank on Thursday. The bank run already happened, so the bank has to sell those bonds for a loss to meet its obligations to their depositors. Because of the interest rate changes, they are forced to sell those 10Y and 30Y bonds for a 20% loss (or greater). As such, the bank is underwater. FDIC is looking for a buyer who is willing to lose a little bit of money in the short term, but maybe gain some customers in the long term. ---------- There's no time to wait 10 Years. The bank needed the money 3 days ago. |
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