Re:Yellen says government will help SVB depositors but rules...
by tracer17 on Sunday March 12, 2023 @11:58AM
(#35121677)
How is it your money? It's not a taxpayer funded bailout, the FDIC is just going to forcibly liquidate SVB's assets and pay back customers to the extent possible with those proceeds.
Re:Yellen says government will help SVB depositors but rules...
by JackFr on Sunday March 12, 2023 @12:04PM
(#35121766)
I assumed the parent was referring to a government sponsored plan to make SVB depositors whole beyond ordinary FDIC receivership.
Re:Yellen says government will help SVB depositors but rules...
by jtr1 on Sunday March 12, 2023 @11:56AM
(#35121655)
How are they taking your money?
Re:Yellen says government will help SVB depositors but rules...
by JackFr on Sunday March 12, 2023 @12:08PM
(#35121835)
FDIC receivership is not my money, it’s all self funded. Any bailout beyond that is taxpayer money. As a voter (and a guy who pays taxes) it is my money. I have a lot of opinions about how that money should be spent.
A bailout beyond FDIC receivership is simply a payout to VCs. SVB’s resolution will be a solid measure of much political clout they have.
Re:Yellen says government will help SVB depositors but rules...
by auntienomen on Sunday March 12, 2023 @12:31PM
(#35122187)
It's a noisy measure, since FDIC / Fed / Treasury are quite reasonably worried about this failure setting off a series of bank runs.
Because you want to take my money, and your justification for wanting my money is simply “My company made a mistake.”