Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by dmix on Sunday March 12, 2023 @11:27AM (#35121176)

Which plan exactly? Yellen specifically said they have no interest in bailing out the bank itself and only care about depositors.

> “Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again,” Yellen said on Face the Nation.

> “But we are concerned about depositors, and we’re focused on trying to meet their needs.”

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Re:Yellen says government will help SVB depositors but rules... by bentlegen on Sunday March 12, 2023 @11:29AM (#35121209)

I think there’s confusion in this thread, as some are advocating that depositors be made fully whole, and some are interpreting Yellen’s comments to mean that’s what will happen.

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