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