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freddie me

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freddie me

Re: None

Wednesday, 06/07/2023 6:58:27 PM

Wednesday, June 07, 2023 6:58:27 PM

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FDIC estimates Signature will cost them ~$2.5 billion.

This estimate is probably low.

https://www.cnbc.com/2023/03/20/fdic-announces-agreement-to-sell-signature-bank-assets.html

By that math all securities should be worth ZERO

PS Banks cant file for bankruptcy, only bank holding companies.
https://scholarlycommons.law.wlu.edu/cgi/viewcontent.cgi?article=1023&context=wlulr
Signature Bank had no Bank Holding Co, so no bankruptcy.
This is Bankruptcy 101 level info.
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