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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by cavisne on Sunday March 12, 2023 @07:01PM (#35127673)
Curious there was nothing about silvergate?
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Re:Joint Statement by the Department of the Treasury, Federa... by blihp on Sunday March 12, 2023 @07:06PM (#35127769)
Silvergate is tiny (assets-wise) compared to SVB and Signature and not worth a mention as it poses no systemic risk.
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Re:Joint Statement by the Department of the Treasury, Federa... by hn_throwaway_99 on Sunday March 12, 2023 @07:05PM (#35127754)
Silvergate was already getting wound down, and unlike SVB and Signature didn't need a fed backstop.
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Re:Joint Statement by the Department of the Treasury, Federa... by cavisne on Sunday March 12, 2023 @07:09PM (#35127802)
so silvergate assets exceeded/matched its deposits? I know it was a pretty niche bank just curious as I thought it was in a way worse position.
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