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?
[ Parent
| on HN ]
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.