On NYCB, they knew convincing them to absorb Signatures CRE assets it was a time bomb. Now, you watch, JPMC will get it all at a discount with government guarantees. They use smaller banks like pawns. I'm sure the NYCB execs got paid, but the customers and shareholders get screwed. I think the term for it is crony capitalism. Long term doesn't matter, its all a house of cards. It just sucks that Black Rock and JPMC get longer runway to stack sats. It's all fun and games until the tractors are blocking your streets.