The math doesn't work for a bailout. Sharp players are owed a majority of the deposits.
If there were a bailout, any non-A book would have to start with rejecting all the sharp players, which would drop the liabilities by over 2/3. The whole point of a bailout is to get losing players. Taking on an extra $1m in liabilities to get 10 sharps that will kick your ass is bad business. Any of the A books that could eat $1.5m already has those 10 sharps as players, so they are just throwing away money.
If there were a bailout by a non A-rated book, you'd have to accept that all the sharps (owed over $1m) would get screwed. If you could stomach that, a C or B book could take one $400k in debt or so to add the losing players to their sheet, and hopefully keep them. But I can't imagine a political way that SBR could condone stiffing the sharps in a bail-out deal. So I don't see how any bail-out could happen with SBR as the facilitator.
If there were a bailout, any non-A book would have to start with rejecting all the sharp players, which would drop the liabilities by over 2/3. The whole point of a bailout is to get losing players. Taking on an extra $1m in liabilities to get 10 sharps that will kick your ass is bad business. Any of the A books that could eat $1.5m already has those 10 sharps as players, so they are just throwing away money.
If there were a bailout by a non A-rated book, you'd have to accept that all the sharps (owed over $1m) would get screwed. If you could stomach that, a C or B book could take one $400k in debt or so to add the losing players to their sheet, and hopefully keep them. But I can't imagine a political way that SBR could condone stiffing the sharps in a bail-out deal. So I don't see how any bail-out could happen with SBR as the facilitator.