I want to see more details about it, but I don't think this is a bailout like we've seen in the past.
They're not bailing out the business per-se... but will be interesting to see what the terms are.
The bank holds a bunch of bonds, and if you hold those to maturity you get all of the capital back... you're just missing out on the additional 2-3% APR since rates are steadily climbing. But you're not losing on principal.
itsLiran / Liran Cohen
npub148…kk9ay
2023-03-13 01:20:05
in reply to nevent1q…lkpv
Author Public Key
npub148jmlutaa49y5wl5mcll003ftj59v79vf7wuv3apcwpf75hx22vs7kk9ayPublished at
2023-03-13 01:20:05Event JSON
{
"id": "f8bd69cc7b9ba401a3ab72786ad35efe044976b85539a474e55eead8f6af8433",
"pubkey": "a9e5bff17ded4a4a3bf4de3ff7be295ca85678ac4f9dc647a1c3829f52e65299",
"created_at": 1678670405,
"kind": 1,
"tags": [
[
"e",
"517a31f40ff0624a33e5ebf9b727ba0a6e837b9d50c3e355e4e9ced322621dd4",
"",
"reply"
],
[
"p",
"e1ff3bfdd4e40315959b08b4fcc8245eaa514637e1d4ec2ae166b743341be1af"
]
],
"content": "I want to see more details about it, but I don't think this is a bailout like we've seen in the past.\n\nThey're not bailing out the business per-se... but will be interesting to see what the terms are.\n\nThe bank holds a bunch of bonds, and if you hold those to maturity you get all of the capital back... you're just missing out on the additional 2-3% APR since rates are steadily climbing. But you're not losing on principal.",
"sig": "6a3193b24c453a1cbfe7e387c289ba3d38a0481ba0347da505bf97f0eed4a547cf45a3cea7251d483eb60674c9bd3a6eab712499e6d54c9b5cb2ff11a2ee403c"
}