A bank note, unlike a deposit account, is a financial asset traded in a secondary market and priced by expert market makers, so any doubt about a bank's solvency causes its notes to trade at a discount immediately—giving note holders faster warning signals than a car buyer gets about product quality.
causalpending
Speaker
George SelginEvidence Quote
“its notes are going to go to a discount and you will know that because you won't be able to trade them currently you won't be able to deposit them at any other Bank”
Created: 6/15/2026, 9:20:23 AM
My Notes
Loading notes...