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by Lazare 1186 days ago
It is a weirdly high number. I can only assume it represents some sort of conservative "worst case" estimate, but so far I haven't seen any comprehensive breakdown.

And yes, if it does cost $20b, it will be the most expensive single bank failure (exceeding IndyMac).
1 comments
bradleyjg 1186 days ago
If only one thing comes out of this debacle it should be a ban on hold to maturity accounting practices.
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blitzar 1186 days ago
When Is a “Mark” Not a Mark? When It’s a Venture Capital Mark

https://a16z.com/2016/09/01/marks-offmark/

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sokoloff 1186 days ago
That is almost surely an excessive reaction.

Limits (possibly to include prohibitions) on using H2M accounting to back demand deposits would be a more targeted (and therefore appropriate) intervention.

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Lazare 1186 days ago
...no, I really don't think that follows.
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