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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 mlindner on Sunday March 12, 2023 @12:16PM (#35121955)
> Fire sale means the selling of the assets pushes their value down. This is not that. It’s insolvency; the assets were and are worth less than their book value.

As has been repeated many times, the bank was never and is not insolvent.

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Re:Yellen says government will help SVB depositors but rules... by JumpCrisscross on Sunday March 12, 2023 @12:20PM (#35122029)
> the bank was never and is not insolvent

Yes, it was, as declared by its regulators. Its balance sheet balanced. But its liabilities were worth more than its assets. If it weren’t insolvent, SVB could have borrowed at the Fed’s discount window. It couldn’t.

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Re:Yellen says government will help SVB depositors but rules... by MrMan on Sunday March 12, 2023 @02:39PM (#35124298)
the bank was closed by the FDIC due to insolvency
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