RE:going to nothing with suits in commandYou can look at a glass and see it both as half full or half empty. or see both and wonder how you will turn the half empty glass into a full one.
The question is whether they can restore confidence in the deposit broker marketplace.
Every day they keep the doors open is a positive one. Today's news indicates that the tide is turning.
Banks have survived bank runs before- some have not. they have bought themselves 45 days. The flow of funds out the door has dramatically slowed down. HISA funds were higher yesterday than the prior day, the first time in over a month.
They are hiring top notch directors and are looking for top notch CEO/CFO. The prior management and directors are now gone.t
and again,their mortgage book is solid their default rates are on par with those of the banks. Its not worth zero at all.