Signature Bank (SBNY)

[UpTickMeA$AP]

Clearly you don't understand how a portfolio is priced. It's value isn't even close to the principal of the portfolio... As you seem to imply.

There's a good reason why New York Community Bank passed on the purchase of this portfolio.

Also, you must take into account the cost for the FDIC, and Newmark. Not to mention ALL the other creditors that need to be made whole before anything, if anything, can reach equity.

The way you spin it, is nonsense. The "math" as you put it, is a joke.

This isn't stuck under a quarter, because billions will be showered onto equity.... The remaining portfolio, is garbage. It's garbage that has been falling, and continues to fall in value.

The portfolio is comprised primarily of commercial real estate (CRE) loans, commercial loans and a smaller pool of single–family residential loans. The CRE loans include a concentration of multifamily properties, primarily located in New York City.

Equity here, is most likely, worthless after all is said and done.