Re:Yellen says government will help SVB depositors but rules...
by mlindner on Sunday March 12, 2023 @12:14PM
(#35121923)
There's a middle ground here that few people seem to have.
1. There should be no bailout.
2. The bank had a ton of assets and those assets still belong to the depositors.
3. The depositors shouldn't necessarily be made whole beyond their $250,000 insured amount, but denying them the bank deposits is also wrong. Getting 80 cents on the dollar for their deposits seems completely fine for example, or whatever that number turns out to be based on remaining assets.
4. Nothing is deserved to the bank owners/shareholders. If there happens to be more assets than there was deposits, then this money can go to owners/shareholders.
1. There should be no bailout.
2. The bank had a ton of assets and those assets still belong to the depositors.
3. The depositors shouldn't necessarily be made whole beyond their $250,000 insured amount, but denying them the bank deposits is also wrong. Getting 80 cents on the dollar for their deposits seems completely fine for example, or whatever that number turns out to be based on remaining assets.
4. Nothing is deserved to the bank owners/shareholders. If there happens to be more assets than there was deposits, then this money can go to owners/shareholders.