John Ransom
Weaksauce
- Joined
- Aug 16, 2017
- Messages
- 69
Couple of things on this just for everyone's SA.First Republic Bank and PacWest Bancorp cratered
1. JPMorgan opened a 70bil credit facility to first republic.Link
2. The banks are going to crater stock wise almost regardless if they are not jpm/boa/wells. The reason is: if they hit the discount window, they start a one year loan. They have to then go on the market and sell equity (stock) to make up the whole in their balance sheet unless the fed lowers rates. So if you know a company you hold stock in is being forced to make another offering your goign to get out if you can.