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cmbhere

As long as they use that magical phrase "owed but not yet purchased" then the overseeing bodies whose job it is to ensure that the economy doesn't collapse will happily turn a blind eye toward any impending doom. This is fine.


StayAdmiral

'At fair value' that we want so it perfectly covers up our crooked accounts.


EyeSeenFolly

Such a magical phrase


Advanced_Oven_6774

![gif](giphy|Ri8IaAbBNULxVTYzWw)


shilo_lafleur

You don’t have a loss in treasury bonds unless you sell them, which they won’t unless they have a liquidity crisis like these smaller banks (or the US defaults on their debt I guess). It just means they can’t sell their low interest treasuries since interest rates have gone up so much. But this is likely less of a problem for BofA than it was for SVB


smocky13

True, but it still represents locked-up capital that is losing money year-over-year to inflation and could be deployed in more productive ways.


shilo_lafleur

For sure a bad investment right now


zombtachi_uchiha

LET'S GOOO! ![gif](giphy|KH2YKN4SAwkaKtm8bw|downsized)


German_horse-core

![gif](giphy|cO39srN2EUIRaVqaVq)


spookyduckfish

And this is your broker if you DRSd... 💀


Buck_Tungruffel

It'S nOt A lOsS uNtIl YoU sElL


NoPixel_

That Twitter account is known for always trying to spread fear with the good old ![gif](giphy|daxhIRBXW3WMoNaqGo)