[ConservativeInPA]

Um, SVG’s problem is simple. Their AFS assets values have declined in value. That’s what they need, or cash as if they already sold the assets. I’m not sure what it takes to reclassify other long term assets and sell them other than it is a real pain in the neck.

Understand, that’s just me figuring. It would be a good idea if Yellen provided details, but I bet she doesn’t want to because how people will interpret it, rightly or wrongly. It’s a scum bag move in my estimation. Trust is restored with fact and credibility. Yellen has zero credibility. Banks, haha, have zero credibility, at least for me. I worked for JP Morgan back in the 90’s a software engineer. I coded some of their tricks, err, I mean trading strategies.

[Toddsterpatriot]

Um, SVG’s problem is simple. Their AFS assets values have declined in value. That's what they need, or cash as if they already sold the assets.

Right. They'll get the cash they need from the Fed and the FDIC, not from BoA and JP Morgan.