Viewing a single comment thread. View all comments

asdffsdf t1_jeaqo3i wrote

Reply to comment by rumias in FRC - Only upside, no downside by rumias

Not sure if you're still joking but one way or another you would still be on the hook for those loans. Even if no one took over all of the assets the government would appoint someone to manage the bankruptcy.

They would then sell the loans independent of the other assets or liabilities, and the profits from selling the loans would partially pay any creditors or repay the government if the government bailed out the depositors.

4