Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by alpineidyll3 on Sunday March 12, 2023 @11:08AM (#35120903)

Since it was the result of single moment in time 100 years ago and never adjusted, yes it was basically an accident of history.

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Re:Yellen says government will help SVB depositors but rules... by smugma on Sunday March 12, 2023 @11:27AM (#35121186)

“Only six months after the creation of the FDIC, government leaders realized the initial $2,500 limit was not enough to effectively support the banking system. So, on July 1, 1934, the FDIC limit was doubled to $5,000.”

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Re:Yellen says government will help SVB depositors but rules... by bradleyjg on Sunday March 12, 2023 @11:17AM (#35121046)

You really think the FDIC limit was $250k in 1933? I mean go ahead and google but you should have been able to intuit this one.

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