Re:How deep is the rot in America’s banking industry?
by jjoonathan on Thursday March 16, 2023 @02:12PM
(#35185904)
2008 is an extremely low bar. They still piled on risk.
> that was one of the lowest risk assets they could invest in and still get enough
Was it? They had enormous deposit inflows and were struggling to scale, so their costs should have been undersized by default. They really ought to have been able to survive off the pennies that weren't in front of the steamroller.
> that was one of the lowest risk assets they could invest in and still get enough
Was it? They had enormous deposit inflows and were struggling to scale, so their costs should have been undersized by default. They really ought to have been able to survive off the pennies that weren't in front of the steamroller.