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Reply #36: When you have 100 million to deposit, believe me, they're ALL your private bank. [View All]

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Hassin Bin Sober Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 10:47 PM
Response to Reply #34
36. When you have 100 million to deposit, believe me, they're ALL your private bank.
I don't think people are grasping the amount of money here. This is 1/34th of his take home pay. This is his walkin' around money.

There's no doubt in my mind this guy invests some of his personal wealth. But some of it HAS to go in regular financial institutions for at least some period of time. There's no way around it. This 100 million could be last month's take home pay (if it is, in fact, David Tepper's receipt).

I'm sure a guy like this has the inside track on a bank's financial health. The CEO and CFO will probably give him a jingle (or nudge him) when and if things go south.
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