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76 sats \ 3 replies \ @kr 1 Mar \ on: NYCB- Nothing To See Here Again econ
will be interesting to see if the shutdown of new BTFP loans on March 11th plays a role here.
I’m skeptical that it will, but lots of Bitcoiners seem to be highly aware of the date.
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149 sats \ 2 replies \ @siggy47 OP 1 Mar
I'm not sure of the process. Wouldn't it be fairly simple to just extend the deadline? I don't know why they wouldn't. What's a few billion more dollars conjured out of thin air?
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76 sats \ 1 reply \ @kr 1 Mar
yeah the process should be simple, but the perception of weakness would bring its own challenges too
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77 sats \ 0 replies \ @siggy47 OP 1 Mar
True. It probably will expire unless NYCB quickly gets the crisis ball rolling, which is unlikely.
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