Hmm, still can be fun:

"Shareholders and certain unsecured debtholders will not be protected."

My favourite sentence:

"The U.S. banking system remains resilient and on a solid foundation, [...]"

Reply to this note

Please Login to reply.

Discussion

Markets will be fawning over a bailout and attempt to pump liquidity in for a couple days. In the end it’s high time preference greed. Weakness all around.

business as usual

Built to destroy.