Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by tome on Sunday March 12, 2023 @08:02PM (#35128530)

Or just put into T-Bills, which private individuals can do from their phones.

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Re:Joint Statement by the Department of the Treasury, Federa... by sseagull on Sunday March 12, 2023 @08:07PM (#35128574)

Or pay someone/some company to do it.

You pay for AWS because you don’t feel like managing hardware, why just assume you can manage 10s of millions of dollars?

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Re:Joint Statement by the Department of the Treasury, Federa... by brigadier132 on Sunday March 12, 2023 @08:07PM (#35128579)

Except people that owned T-Bills that they bought through SVB also lost access to their money.

Should they buy the T-Bills and hold the actual certificates under their mattress?

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Re:Joint Statement by the Department of the Treasury, Federa... by tome on Sunday March 12, 2023 @08:17PM (#35128707)

> Except people that owned T-Bills that they bought through SVB also lost access to their money.

I don't think that's the case, though I may be wrong and would appreciate correction if so. Anyone who held T-Bills at SVB as a broker should have been able to transfer them to another broker at no loss (but at a small delay), and the remaining $250k in their checking account should have been available within one business day.

[ Parent | on HN ]