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by ozymandias12 1197 days ago
Bro this is residual investment for these banks, wake up.

This money is NADA, is part of a fund every bank saves for things like this, they are literally just burning cash with this movement because 30 billion alone isn't enough to cover for any of them, even them "small" ones like First Republic.

This is a political movement, in a time where these banks should be investing said "actual" money (another misnomer) in literally unfucking federal government gridlocks on systemic reforms.

Banks make hundreds of billions every year, for them to take 2.5 or 1b to fund whatever is literally part of the business, not even computed as loss since it can be classified as net cost avoidance if this money actually ends up helping systemic chaos because these things are way pricier than 30bn.

LOL, your analysis is literally made for children books, I'm not even scratching the surface here.