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A comment on Tether Required Recapitalization in May 2022. Parent comment

Re:Tether Required Recapitalization in May 2022 by retcon on Friday May 20, 2022 @02:59PM (#31451245)
Is it not well known that the Lehman International (London) book turned the all history record yield when finally unwound by the liquidators, and made LB fundamentally solvent at the death?

Edit: solvent at crisis time. LBI wasn't linked to onshore information systems.

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Re:Tether Required Recapitalization in May 2022 by JumpCrisscross on Friday May 20, 2022 @03:00PM (#31451256)
> made LB fundamentally solvent at the death?

The problem wasn't solvency. It was liquidity. The point of bank regulation is to ensure that banks can survive small bouts of illiquidity and remain solvent through major ones.

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