>>510474355this
they already loaded up on T-bills this morning, major 2008 vibes rn
>>510475025if a company gets liquidated due to insolvency then the preferred stock gets paid out first, then regular stockholders after preferred gets their share.
liquidation means the company is dissolved as a legal entity and its assets are sold to the highest bidder(s). so basically the stock is valued at the price of the company's assets once they sell to the free market.
that's the danger of holding stock in banks and hedge funds, they are basically only worth the value of the underlying stock they hold, so when the bank/fund goes under the liquidation of the underlying owned stock being sold so cheaply is what hurts the stock prices.