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Zefrank's True Facts: The Dreaded Fungi That Control the Insects They Eat

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JC14/29/2023 12:21:59 pm PDT

re: #13 sizzzzlerz

What was the scheme they used that bankrupted them, forcing the government to cover their depositors accounts while allowing the bank execs to pocket millions in bonuses?

No scheme. Poor risk management and a run on the bank. No evidence of any fraud or shadyness that I’ve yet seen. They catered to wealthy clients. They’ve given out a lot of loans at low interest rates. Those loans are not in danger of default or anything. But they’re worth less on paper since interest rates went up. If there was no bank run they would have been fine.