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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 alex_young on Sunday March 12, 2023 @07:57PM (#35128452)
How is it a special carve out? The FDIC protects literally all the other deposits already.
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Re:Joint Statement by the Department of the Treasury, Federa... by dismalpedigree on Sunday March 12, 2023 @08:02PM (#35128519)
They quite literally made exceptions for SVB and Signature only.
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Re:Joint Statement by the Department of the Treasury, Federa... by alex_young on Sunday March 12, 2023 @10:03PM (#35129824)
And all the average persons the OP mentioned were already protected. We’ll see if this stops the contagion. It’s in our collective interest that it does.
[ Parent | on HN ]