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A comment on Yellen says government will help SVB depositors but rules out bailout. Parent comment

Re:Yellen says government will help SVB depositors but rules... by daniel-thompson on Sunday March 12, 2023 @11:20AM (#35121092)
> what's the purpose of saying "FDIC Insured up to $250k"

The FDIC guarantees up to $250k, but if additional assets are available beyond that, then those will be paid out to depositors as well. It's a floor, not a ceiling

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Re:Yellen says government will help SVB depositors but rules... by m3kw9 on Sunday March 12, 2023 @11:27AM (#35121178)
Upto sounds like a ceiling to me
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Re:Yellen says government will help SVB depositors but rules... by nend on Sunday March 12, 2023 @12:42PM (#35122384)
Yes, the ceiling of the guarantee. If the bank has additional assets to be sold you can still receive more of your deposit back, but the government doesn't guarantee it.
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Re:Yellen says government will help SVB depositors but rules... by ntonozzi on Sunday March 12, 2023 @02:55PM (#35124523)
If you only deposited $1000 they are not going to give you $250k back.
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