Yellen says government will help SVB depositors but rules out bailout

Re:Yellen says government will help SVB depositors but rules... by hedora on Sunday March 12, 2023 @12:29PM (#35122152)

This is a strange strawman argument. The GP and parent comment you responded to are specifically referring to this sentiment:

> “Depositors shouldn’t get anything beyond the insured $250,000”.

What startup normally only has $500,000 in the bank?

Anyway, cashflow can matter a lot. For instance, people that sell stuff on etsy might not be paid on time because of this. That creates a lot of customer uncertainty.

Also, I can imagine a lot of B2B startup customers are looking for second sources all of a sudden.

[ Parent | on HN ]

Re:Yellen says government will help SVB depositors but rules... by flappyeagle on Sunday March 12, 2023 @12:51PM (#35122522)

The person you’re replying to is referring to a well-founded rumor that depositors will receive 50% of the uninsured deposits beyond the 250k minimum this coming week and that SVB has assets worth at least 80% of all deposits, which will be recovered in time.

[ Parent | on HN ]