Re:Yellen says government will help SVB depositors but rules...
by ScoobleDoodle on Sunday March 12, 2023 @01:39PM
(#35123327)
Clarifying the answers to the two misconceptions: 1) “Depositors shouldn’t get anything beyond the insured $250,000” and 2) “This is a bailout”
FDIC pays out the $250,000 insurance to SVB accounts. FDIC recoups those costs from the SVB assets, and then pays out account holders as much % as possible from liquidating the remaining SVB assets. It sounds like the latter will be disbursed in several increments as the assets are liquidated. All of that assuming no buyer by Monday.
FDIC pays out the $250,000 insurance to SVB accounts. FDIC recoups those costs from the SVB assets, and then pays out account holders as much % as possible from liquidating the remaining SVB assets. It sounds like the latter will be disbursed in several increments as the assets are liquidated. All of that assuming no buyer by Monday.