Fed and FDIC discussing backstop to make SVB depositors whole, stem contagion

Re:Fed and FDIC discussing backstop to make SVB depositors w... by Ekaros on Sunday March 12, 2023 @05:54PM (#35126789)

So they are earning an interest? As long as that is above 0 and not negative they should expect that some gambling is going on. After all there is no risk free investment.

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Re:Fed and FDIC discussing backstop to make SVB depositors w... by flandish on Sunday March 12, 2023 @06:26PM (#35127091)

“Interest” is not the same as “risk with investment.”

You don’t open a savings acct and get told “you could lose this money.”

You’re given a sold-to-you contract from the bank for a specific rate of return for the privilege of them being allowed to hold and work with your money.

If one chooses to dep >250k - that’s on them.

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