Just can’t wrap my arms around the logic.
1. Bank survives.
2. Bondholders 100% whole.
3. Deposit 100K and under 100% whole.
4. ECB loans funds.
5. Jumbo accounts stolen.
Oddly no one knows where the money went. It’s just gone. At some point questions will be asked and then it unravels.
This whole situation is baffling. I think this is just the beginning of something big. How are Italy’s and Spain’s banks doing? I saw a blurb of an article about Spain’s banks...it was not good.