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 bushbaba on Sunday March 12, 2023 @04:06PM (#35125510)
The 250k limit should be inflation adjusted. It’s not been raised since 2008. If inflation adjusted the FDIC insurance would be closer to 350k
[ Parent | on HN ]
Re:Yellen says government will help SVB depositors but rules... by jjav on Monday March 13, 2023 @02:58AM (#35132072)
> The 250k limit should be inflation adjusted. It’s not been raised since 2008. If inflation adjusted the FDIC insurance would be closer to 350k

That 100k difference wouldn't make any difference here though, since the problem is for businesses (startups mostly) who had accounts there.

The 250K insurance limit seems quite reasonable for individual personal accounts per bank. But applying the same limit to a whole company which may well have more than 250K in payroll per month... well there's a problem.

[ Parent | on HN ]