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dwinps t1_iufl2xu wrote

This is the same thing people do. If you are broke you just walk down to Chase and ask them if they would buy $1B of your bonds, then head over to Wells and BofA to do the same

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EveHerr t1_iugtd5y wrote

what is BofA?

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Elegant_Fisherman847 t1_iuhij1k wrote

You realise they are going to doing a rights issue?

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dwinps t1_iuhzk2g wrote

And????

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Elegant_Fisherman847 t1_iui58xz wrote

Banks aren’t supplying loans, and they aren’t purchasing equity - simply underwriting the corporate action. You make it sound like they are borrowing in the market. They are actually raising capital - massive difference. This has nothing to do with bond issuance.

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