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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by sajacy on Monday March 13, 2023 @04:10AM (#35132589)
Your comment really amused me.

"Hold on, let me just... I'm sure there's a Good Reason around here somewhere..." - Hot Take Taylor

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Re:Joint Statement by the Department of the Treasury, Federa... by sanderjd on Monday March 13, 2023 @12:37PM (#35138166)
I mean, they spent the weekend trying to find a private buyer and clearly nobody wanted it. Doesn't seem to be a reach to conclude it might not actually be a great deal for the new owners (the US government)...
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Re:Joint Statement by the Department of the Treasury, Federa... by yunwal on Monday March 13, 2023 @03:21PM (#35141043)
The onus is on the people claiming that this is a no-risk deal for the FDIC. Otherwise, seeing this as a bailout is the reasonable conclusion.

If there was no risk, JP Morgan would be willing to step in to capitalize. The fact that they won’t tells me this is a bailout.

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