BDGE just ipo'd
Yes a bank stock ipo'd in this... and it owns mortgages... almost hard to believe.
So how did this happen.

Well they own one bank in the Hamptons and have mortgages on some ridiculous size houses that are magically maintaining their value.
This just in... a lot of really really rich people are still rich.
BDGE may even see an influx in capital as the uber rich see their banks become federal property and as they have way more then the FDIC limits they may wish to put some of that stash in a much safer bank.
They pay a 4.3% dividend and if you have to own a bank, I bless this one.
Note: very low volume so if gets caught up in a massive selloff it could make a nice opportunity.
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