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.
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.