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A comment on Bill Ackman: The gov't has about 48h to fix a-soon-to-be-irreversible mistake. Parent comment

Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by prpl on Saturday March 11, 2023 @01:30PM (#35111107)
They can get bridge loans or sell their deposit claims at a discount (in exchange for the liquidity), if they didn’t otherwise have supplemental insurance.

That’s what’s at stake here, the companies would prefer to have all their money, right now. They could have almost all of their money if they are happy to wait, or they could pay, out of their money, to have their money right now.

Don’t fall into the trap of corporate sympathy here, they would not do the same for you.

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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by fauigerzigerk on Saturday March 11, 2023 @03:54PM (#35112605)
>They can get bridge loans

Yes, I just worry that some of them might not be able to sort this out quickly enough on their own.

Also, the total amount of similarly illiquid government bonds is gigantic after interest rates have shot up so quickly. Let's not make the Lehman mistake again. It's not worth sacrificing the entire economy to ideological sensitivities (on both sides of the political spectrum).

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