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A comment on Yellen says government will help SVB depositors but rules out bailout. Parent comment
They would have borrowed at the Fed’s discount window if it did. That’s the systemic solution to illiquidity. The FDIC is a fix for insolvency.
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They would have borrowed at the Fed’s discount window if it did. That’s the systemic solution to illiquidity. The FDIC is a fix for insolvency.