as far as i can tell (from a layman’s pov), the equities are already hosed. there’ll be no bailout for the equities unless someone wants to come in with a buyout offer at recalculus prices.
the bonds and bond holders across the board are being saved here; if bsc went belly up and had to liquidate, everyone else holding those same bonds would be equally hosed. marked to market or as they say in housing, it’s a comp killer.
edit: fdic, sipc, etc… the fed just threw hundreds of billions of dollars into a black hole, what’s going to be left for depositor’s insurance afterwards? granted, they’re not the same entities, but by having the fed kill the dollar in order to save 1 lousy rotting piece of flesh, there’ll be nothing left for anyone to try and save the body…
