News for hackers. Stuff that matters.

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 matheusmoreira on Sunday March 12, 2023 @01:41PM (#35123361)
If it hadn't become insolvent in the first place, there would have been no need to liquidate its real assets in order to pay off liabilities.
[ Parent | on HN ]
Re:Yellen says government will help SVB depositors but rules... by baq on Sunday March 12, 2023 @02:04PM (#35123736)
Of course but the point still stands. If it lost it all we’d all be in serious trouble. It lost ~10% and there’s a nonzero chance depositors will be made whole anyway (with zero taxpayer money involved).
[ Parent | on HN ]