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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 tock on Sunday March 12, 2023 @11:46AM (#35121480)
> $250k comes out of taxpayer coffers Monday morning

This isn't coming out of taxpayer coffers. FDIC insurance premiums are paid by the banks.

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Re:Yellen says government will help SVB depositors but rules... by JumpCrisscross on Sunday March 12, 2023 @12:09PM (#35121853)
> isn't coming out of taxpayer coffers. FDIC insurance premiums are paid by the banks

Fair enough. The FDIC is funded by premiums but backstopped by the Treasury. There is no private insurance function that pays out at this scale the next business day.

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Re:Yellen says government will help SVB depositors but rules... by KptMarchewa on Sunday March 12, 2023 @12:18PM (#35121993)
Which scale? 0 dollars? All of what will be paid on Monday will be paid out of SVB's assets, which are being liquidates as we speak.
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Re:Yellen says government will help SVB depositors but rules... by JumpCrisscross on Sunday March 12, 2023 @12:19PM (#35122012)
> what will be paid on Monday will be paid out of SVB's funds

Possibly, but not necessarily. FDIC funds pay insured deposits before determinations about assets are made.

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