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by antibasilisk 1200 days ago
But it was insolvent, all of them are.
1 comments
jsjohnst 1199 days ago
No, it wasn’t insolvent until the bank run on Thursday. Very few, if any, banks can handle a $40 billion transfer off their balance sheet unexpectedly, but a bank CEO should’ve known their reckless actions could easily have triggered one, especially one with very high deposits and very few customers (as in, it doesn’t take many customers to decide to move their deposits to cause a real hurt).
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antibasilisk 1199 days ago
>Very few, if any, banks can handle a $40 billion transfer off their balance sheet unexpectedly

The conclusion from this isn't that it was solvent and suddenly became insolvent. The conclusion is that almost every bank is insolvent.

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jsjohnst 1199 days ago
> The conclusion is that almost every bank is insolvent.

In as far as “the sky is blue”, except when it’s cloudy, or night time, or the sun goes supernova.

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