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A comment on Urgent: Sign the petition now. Parent comment

Re:Urgent: Sign the petition now by rahimnathwani on Saturday March 11, 2023 @09:44PM (#35115892)
You're right, the gap is likely much smaller.

I did a quick calculation based on:

- $200bn deposits (on which we agree)

- press reports that Jefferies and hedge funds are offering to buy claims at up to 70c on the dollar (suggesting 30% loss)

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Re:Urgent: Sign the petition now by DennisP on Sunday March 12, 2023 @11:36AM (#35121322)
Apparently the offer from hedge funds gives them a substantial profit.
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