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PussyBreath007 OP t1_je7pv3b wrote

Reply to comment by robbinhood69 in $FRC - Puzzle Pieces by PussyBreath007

I’m not sure why you think the $30B in deposits from the big banks is all FDIC insured. The Fed has made no such claim. Their stance has been opaque at best. You’re making the assumption the big boys deposited $30B at FRC with zero risk.

I’d imagine you own $0.50 puts then, no? Since $FRC’s demise is a foregone conclusion and all…

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robbinhood69 t1_je7qu5c wrote

It’s not at 0 risk u dummy, it’s just that they’d have had to bail the bank out ANYWAYS

Anyways whatever OP go die on this hill if u want hf going to 0

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PussyBreath007 OP t1_je7rcoj wrote

The big boys “had to bail FRC out anyway”… you’re delusional. Like any other competing bank, they would have gladly let them go to zero. In fact, the prevailing narrative was - MOVE YOUR $$$ TO THE BIG BANKS QUICK!!

They deposited $30B because they saw a low-risk option to make easy interest from a bank with a much better balance sheet than SVB. I don’t understand how you think this equates to FRC is going to zero, especially when you just acknowledged JPM, Citi, BofA, etc are taking on some level of risk. They won’t lose here, and neither will FRC

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Responsible-Rip4366 t1_je7yz9l wrote

This comment proves you know nothing about the banking system and the political shitstorm these failures have kicked up.

I award you no points, and may God have mercy on your soul.

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