Re:Emergency credit line for SVB customers
by shawabawa3 on Saturday March 11, 2023 @07:43AM
(#35107849)
Credit doesn't help
If you need $80B before your 10Y bonds mature and borrow it today, you're paying minimum 4% interest. By the time your $80B in bonds mature you owe $118B
If you're saying it doesn't matter to FDIC because they can get "free" credit, that's equivalent to a bail out
If you need $80B before your 10Y bonds mature and borrow it today, you're paying minimum 4% interest. By the time your $80B in bonds mature you owe $118B
If you're saying it doesn't matter to FDIC because they can get "free" credit, that's equivalent to a bail out