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novascotiaSTS

05/20/22 4:31 PM

#688805 RE: DarkB4Dawn #688803

If anyone acquired a bank without assuming the deposits (which are liabilities of the bank) the clients would lose the money in their accounts.

That didn‘t happen in WaMu.

https://www.sec.gov/Archives/edgar/data/933136/000104746908009146/a2187197z10-q.htm