He is involved with NYCB as well 

    A GS alum and former

    Posted by DigiNomad on 14th of Mar 2024 at 03:02 pm

    A GS alum and former high level Gov official getting sweet deals? No way.

    My guess is they get a huge present in one form or another from the Fed next week. The Fed is feeling a lot of pressure to bail out regional banks and the Treasury with lower rates. I think they will cave (especially after Biden's recent wink wink moment)

    NYCB received a $1 billion investment

    Posted by jonesy85 on 14th of Mar 2024 at 03:04 pm
    • NYCB received a $1 billion investment led by Steve Mnuchin's Liberty Strategic Capital, Reverance Capital, and Hudson Bay Capital.
    • The investment is dilutive but will shore up the bank's balance sheet against a worst-case real estate scenario.
    • The investor base and new management have strong connections and experience with regulators, suggesting confidence in satisfying regulator concerns.
    • About 80% upside just to get to tangible book value.

    It's always the fine print

    Posted by DigiNomad on 14th of Mar 2024 at 03:05 pm

    It's always the fine print that doesn't get reported in these deals. Look at the warrants....

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