a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
b_b  ·  74 days ago  ·  link  ·    ·  parent  ·  post: Insured Cash Sweep

Guess their business model is fucked since all deposits everywhere are now de facto FDIC insured. Why not chase 10% returns if you’re a bank? There’s no downside anymore.

Edit: Obviously I'm being hyperbolic. I get that having your equity wiped out and your bondholders left holding the bag doesn't qualify as "no downside". I'm just salty about this whole thing. Wish me luck in not becoming a J6 Truther.