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A comment on Ask HN: Do you think this is the start of the new financial crisis?. Parent comment

Re:Ask HN: Do you think this is the start of the new financi... by dchftcs on Monday March 20, 2023 @08:44PM (#35241028)
No, the bonds are worth something, and the losses can narrow by a lot if they're allowed to hold to maturity, deposit interest rates rise slowly enough and if broad interest rates drop some time on the future. The risk that they can't narrow is indeed real and whether to backstop that is a source of contention here.
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Re:Ask HN: Do you think this is the start of the new financi... by yeahsure22 on Tuesday March 21, 2023 @07:36AM (#35244872)
Unfortunately we are stuck living in the present where the bonds are worthless and not the future.
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Re:Ask HN: Do you think this is the start of the new financi... by pjc50 on Tuesday March 21, 2023 @08:57AM (#35245500)
"slightly less valuable than expected" is not "worthless"! The hyperbole bubble is getting exhausting. People really want to talk a crisis into existence. Are they bored?
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Re:Ask HN: Do you think this is the start of the new financi... by WalterSear on Tuesday March 21, 2023 @11:30AM (#35247631)
https://www.cnbc.com/2023/03/19/sp-cuts-first-republic-deepe...
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Re:Ask HN: Do you think this is the start of the new financi... by jmillikin on Tuesday March 21, 2023 @09:21AM (#35245731)
If you happen to be holding any "worthless" Treasury bonds, I would be happy to take them off your hands for $0.10 on the dollar.
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Re:Ask HN: Do you think this is the start of the new financi... by WalterSear on Tuesday March 21, 2023 @12:30PM (#35248554)
I bet the banks would jump at the chance to turn a $600 billion hole into a $540 billion hole.
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