Submitted by rumias t3_126t05t in wallstreetbets
X_Fiery_Jack_X t1_jeb60uc wrote
Reply to comment by ErikInvest in FRC - Only upside, no downside by rumias
Lol I fucking work in a bank. It being a bank has no bearing whatsoever it’s an asset the bank owns and can sell to whoever they want. If the bank fails it’s assets like properties, equipment and yes loans will be sold off to pay the bond holders and other first tier folks. Equity is wiped out but you still owe money and that obligation will be sold to someone else who will come after you bank or not.
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