And they're off! In the bailout race

[Valuist]

How stupid is Capital One? They were one of the bad actors in the Financial crisis over 10 years ago. They are at it again:

https://www.zerohedge.com/markets/cftc-quietly-bails-out-capital-one

What's in your wallet? How about a big margin call.

 

[WildBill]

Lol citing Zero Hedge. So much factual bullshit in this article. They look smart temporarily when shorting has been working, but that's true for any permabear.

 

[Valuist]

Lol citing Zero Hedge. So much factual bullshit in this article. They look smart temporarily when shorting has been working, but that's true for any permabear.

They are quoting Reuters, so you can discredit that if you want. I'm betting it still happened.

 

[WildBill]

They are quoting Reuters, so you can discredit that if you want. I'm betting it still happened.

What about the comment about don't put your deposit accounts there? Such nonsense, deposits are the banking arm that is regulated by FDIC. Depositors will get their money and that part of the bank is largely walled off from the speculative side. This is just typical effort of ZH to try to goad more shorts on them. Maybe they are in trouble, some financial institutions are going to be from this. But to go on about the depositors could be in trouble and trying to shame them because of ads or the fact they issue a lot of credit cards is stupid.

 

[Valuist]

What about the comment about don't put your deposit accounts there? Such nonsense, deposits are the banking arm that is regulated by FDIC. Depositors will get their money and that part of the bank is largely walled off from the speculative side. This is just typical effort of ZH to try to goad more shorts on them. Maybe they are in trouble, some financial institutions are going to be from this. But to go on about the depositors could be in trouble and trying to shame them because of ads or the fact they issue a lot of credit cards is stupid.

They made a real, real bad trade. And don't think for a minute they're the only one.

Nobody needs to "goad" shorts in this market. The shorts have had a damned good year.

 

[cheapseats]

When their 1 yr cd dropped over night to 1%, should have suspected something was up. Glad the $ is fdic insured.